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Stochastic Models: Analysis and Applications

Stochastic Models: Analysis and Applications

          
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About the Book

About the Book: The book presents a systematic exposition of the basic theory and applications of stochastic models. Emphasising the modelling rather than mathematical aspects of stochastic processes, the book bridges the gap between the theory and applications of these processes.The basic building blocks of model construction are explained in a step by step manner, starting from the simplest model of random walk and proceeding gradually to more complicated models. Several examples are given throughout the text to illustrate important analytical properties as well as to provide applications.The book also includes a detailed chapter on Inference for stochastic processes. This chapter highlights some of the recent developments in the subject and explains them through illustrative examples.An important feature of the book is the Complements and Problems section at the end of each chapter which presents (i) additional properties of the model, (ii) extensions of the model, and (iii) applications of the model to different areas.With all these features, this is an invaluable text for post-graduate students of statistics, mathematics and operation research. About the Author: B. Ramdas Bhat is currently Professor of Statistics in the University of Botswana. He retired from Karnatak University after serving the institution for nearly 35 years as post-graduate Lecturer, Reader, Professor and Head of the Department of Statistics. He was also a visiting Professor in many Universities in U.S.A., Australia and India. This book has emerged from his rich teaching experience. Prof. Bhat was an elected member of International Statistical Institute, Fellow of Royal Statistical Society and member of the Institute of Mathematical Statistics. He was Secretary, President and later Chief Editor of Indian Society for Probability and Statistics. He was President of the Statistics section of the Indian Science Congress. He has authored "Modem Probability Theory: An Introductory Textbook" and has coedited "Stochastic Processes and Statistical Inference", (both published by New Age International (P) Limited, Publishers, New Delhi). Contents: Introduction to Stochastic Models and Probability The Random Walk Model Renewal Process Finite Markov Chain Countable State Markov Chain The Poisson Process Finite Markov Process Birth and Death Process Semi-Markov Process Martingales Stationary Process, Time-Series Brownian Motion Statistical Inference for Stochastic Process.


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Product Details
  • ISBN-13: 9788122412284
  • Publisher: New Age Publications (Academic)
  • Publisher Imprint: New Age Publications (Academic)
  • No of Pages: 408
  • ISBN-10: 8122412289
  • Publisher Date: 30 Jan 2010
  • Binding: Paperback


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