In layman's terms: What is a stochastic process?
Oct 8, 2015 · A stochastic process is a colection of random variables defined on the same probability space. Please explain further what parts of this definition are escaping you.
Books recommendations on stochastic analysis - Mathematics …
Feb 21, 2023 · I'm currently self-study stochastic analysis by reading Rogers' Diffusion,Markov processes and Martingales and other books as supplement.I found that every book had it's …
Self Learning Stochastic Process By Sheldon Ross
Mar 5, 2021 · I have just started self-learning Stochastic Processes by Sheldon Ross (2nd Edition). I am finding the exercises really tough and time-consuming. I even tried searching for …
Example of an indivisible stochastic process
Sep 26, 2023 · This question arises from pages 14 and 15 of this review paper on quantum stochastic processes (in a section on classical stochastic processes). Suppose we have a …
Stochastic processes - Why do we need filtration?
Jun 3, 2020 · In the theory of stochastic process, besides the $\sigma$ -algebra $\mathcal {F}$, we have an increasing sequence of $\sigma$ -algebras $\ { {\mathcal {F}}_ { {t}}\}_ { {t\geq 0}} …
What's the difference between stochastic and random?
Feb 28, 2012 · In diamat, all processes in nature are characterized by deterministic development, transformation etc, so the phrase "random process" itself sounded paradoxically. Therefore, …
What are the prerequisites for stochastic calculus?
What you need is a good foundation in probability, an understanding of stochastic processes (basic ones [markov chains, queues, renewals], what they are, what they look like, …
reference request - What are some modern books on Markov …
Some such book on Stochastic Processes will also suffice. I have recently come to notice that there are some new books (read: "non-classics") that are well written and have a large …
stochastic processes - Understanding Quadratic Variation
I think part of the trouble a lot of people (or at least me personally) have with making the jump from calculus to stochastic calculus is the notion of quadratic variation. It doesn't have as much ...
What are the prerequisites for Stochastic Processes
To get into the theory of stochastic processes, see begeistzwerst's answer, but otherwise if you would like to get a feel for how they are applied at a relatively elementary level (birth and death …