1st Edition
Stochastic Processes and Their Applications
338 Pages
by
CRC Press
338 Pages
by
CRC Press
Also available as eBook on:
This book introduces stochastic processes and their applications for students in engineering, industrial statistics, science, operations research, business, and finance. It provides the theoretical foundations for modeling time-dependent random phenomena encountered in these disciplines. Through numerous science and engineering-based examples and exercises, the author presents the subject in a... Read more
Probability Theory. Stochastic Processes. Poisson Processes. Renewal Processes. Discrete-Time Markov Chains. Continuous-Time Markov Chains. Wiener Processes. Spectral Analysis of Stationary Processes.
Biography
Frank Beichelt, L. Paul Fatti
"The book's primary strength lies in its crisp and lively presentation of the subject with neither undue attention nor neglect for technical detail. … The book is well prepared an accurate. … [The] chapters on probability and general stochastic processes serve to homogenize the audience as well as make the text feel more self-contained. … Is it worth owning? Yes … . "
- The American Statistician, Aug. 2004, Vol. 58, No. 3
