Unit

School Of Computing, Engineering And Mathematics

Probability & Stochastic ProcessesWestern Sydney University Unit Code: 200040.2

Discipline: STATISTICS

Student Contribution Band: 2

Level: 3

Credit Points: 10

Co ordinator
Julian Wang

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Assumed Knowledge
Concepts of Mathematics, and Statistical Theory.

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Teaching Periods
Nothing on offer.

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About this Unit
This is an introduction to stochastic processes for students familiar with elementary probability. This unit presents the theory and application of time-dependent processes. In addition the unit applies some methods of probability and stochastic processes to real-world problems. Topics include: Markov chains, Poisson processes, continuous-time Markov chains, branching processes, birth and death processes, queuing systems, and stationary processes.

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Courses

2739.2	Bachelor of Business and Commerce	CONTINUING
2739.5	Bachelor of Business and Commerce	CONTINUING

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Specialisations

KT2006.1

Financial Mathematics

CONTINUING

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