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| STAT 4320 - Probability and Stochastic Processes |
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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.
3.000 Credit hours Levels: Undergraduate Schedule Types: Lecture Mathematical Sciences Department Course Attributes: College of Basic & Applied, Credit from 4-Year College, Upper-Division Work |
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