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    Middle Tennessee State University
   
 
  Jan 23, 2018
 
 
    
2017-18 Undergraduate Catalog
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STAT 4320 - Probability and Stochastic Processes

3 credit hours
Prerequisites: Two semesters of calculus and STAT 3150  (or MATH 2050 ) or consent of instructor. Theoretical basis for stochastic processes and their use as models of real-world phenomena. Topics include Markov chains, Poisson processes, Brownian motion and stationary processes. Applications include Gambler’s Ruin, birth and death models, hitting times, stock option pricing, and the Black-Scholes model.


Click here for the Spring 2018 Schedule of Classes




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