Application of random processes

Author: Zhang Bo
Publisher:
Publish Date: 2004-09-01
Features: This book can serve as a textbook for undergraduate students in statistics, economics, finance, and management at universities, as well as a teaching reference for graduate students in related fields. It is also highly valuable for practitioners working in areas related to random phenomena. This book is a modern textbook on applied stochastic processes, covering content from introductory knowledge to academic frontiers, including prerequisite knowledge, basic types of stochastic processes, Poisson processes, renewal processes, Markov chains, martingales, Brownian motion, stochastic integrals, stochastic differential equations and their applications, and Lévy processes, among others. The book is equipped with numerous examples and exercises related to social, economic, financial, biological, and other disciplines, along with reference answers, making it convenient for self-study.