Apr 19, 2024  
2021-22 Graduate Catalog 
    
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2021-22 Graduate Catalog [ARCHIVED CATALOG]

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STAT 5320 - Probability and Stochastic Processes

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


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