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

Assumed Knowledge
Concepts of Mathematics, and Statistical Theory.

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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