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| STAT 5320 - Probability and Stochastic Processes |
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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.
3.000 Credit hours Levels: Graduate Schedule Types: Lecture Mathematical Sciences Department Course Attributes: College of Basic & Applied |
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