STAT 455 Stochastic Processes and Applications Units: 3.00
Markov chains, birth and death processes, random walk problems, elementary renewal theory, Markov processes, Brownian motion and Poisson processes, queuing theory, branching processes.
NOTE This course is also listed/offered as MATH 455/3.0.
NOTE This course is also listed/offered as MATH 455/3.0.
Learning Hours: 120 (36 Lecture, 12 Tutorial, 72 Private Study)
Offering Faculty: Faculty of Arts and Science
Course Learning Outcomes:
- Computing an expectation using conditioning.
- Computing an expectation using Markov Chain Monte Carlo.
- Converting a process description into a Markov chain model.
- Identifying the stationary distribution of Markov chains.
- Proving results about Markov chains.
- Understanding the mathematical structure of a Markov chain.