Jun 12, 2024  
2020-2021 Academic Catalog 
    
2020-2021 Academic Catalog [Published Catalog]

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MACT 406/4212 - Stochastic Processes (3 cr.)



Prerequisites
MACT 2132  MACT 2141  and ( MACT 3211  or MACT 3224  )

Description
Introduction to stochastic process, discrete time Markov chain, Poisson process, Compound Poisson Processes and Renewal Processes, continuous-time Markov Chain, Transition probabilities and limiting behavior for Markov Chains, Martingales, Brownian Motion, applications in finance and insurance.

When Offered
Offered once a year.



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