STAT 4508
Stochastic Models (Honours)
Review of discrete Markov chains and Poisson processes; continuous time Markov chains; pure jump Markov processes, and birth and death processes including the Q-matrix approach; the Kolmogorov equations; renewal theory; introduction to Brownian motion; queueing theory.
Topics
- Q-matrix approach
- Kolmogorov equations
- renewal theory
- introduction to Brownian motion
- queueing theory
Course catalogue
Prerequisites & course information
Prerequisite(s): STAT 3506 or permission of the School. Also offered at the graduate level, with different requirements, as STAT 5701 , for which additional credit is precluded. Lectures three hours a week.
Sources
- Course catalogue ↗2026–2027
- STAT 4508A F21 ↗2021