Random process

Author: Fang Zhaoben
Publisher:
Publish Date: 2004-07-01
Features: This book introduces several basic stochastic processes frequently encountered in applications, such as the Poisson process, renewal process, Markov process, stationary process, Brownian motion, It?'s differential formula, and linear stochastic differential equations. The material is rich, with each chapter explaining fundamental concepts through numerous examples with practical backgrounds and supplemented by a certain number of exercises. This book can serve as a teaching text or reference for undergraduate and graduate students in science and engineering disciplines, as well as an introductory reference for engineering professionals and those in the financial and securities industry applying stochastic processes.