MATH M560 - Applied Stochastic Processes

Institution:

Indiana University-South Bend

Subject:

Description:

P: MATH-M 301, MATH-M 463 or MATH-M 365, or consent of instructor. Simple random walk as approximation of Brownian motion. Discrete-time Markov chains. Continuous-time Markov chains; Poisson, compound Poisson, and birth-and-death chains; Kolmogorov's backward and forward equations; steady state. Diffusions as limits of birth-anddeath processes. Examples drawn from diverse fields of application.

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

iusb.edu/

Phone Number:

(574) 520-4872

Regional Accreditation:

North Central Association of Colleges and Schools

Calendar System:

Semester

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