Stochastic Processes II
Training Provider: Singapore University of Social Sciences
Course Reference: TGS-2024047110
S$1,461
About This Course
Compute probabilities of events of a Markov chain expectation or distribution of random variables.
Show the validity of given mathematical statements in stochastic processes.
Calculate the mean and variance of random variables.
Determine the time it takes for a Markov chain to reach absorbing state.
Solve for the asymptotic behaviour of Markov chains.
Formulate Markov chain models from word problems.
What You'll Learn
MTH362 Stochastic Processes II will complement MTH361 Stochastic Processes I by extending the study of Markov chains and getting into Poisson Processes. The two courses will be useful for applications to finance, data science and engineering. Additionally, computer simulation with Python will also be taught.
Course Details
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