PROBABILITY AND STOCHASTIC MODELING
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PROBABILITY AND STOCHASTIC MODELING
Book Details
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Author: Vladimir I. Rotar
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Publisher: CRC Press
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Edition: 1
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Binding: Hardcover
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Number of Pages: 508
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Release Date: 28-09-2012
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Language: English
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EAN: 9781439872062
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Package Dimensions: 10.1 x 7.2 x 1.1 inches
About The Book
Probability and Stochastic Modeling provides a comprehensive exploration of the key concepts in probability and stochastic modeling. Unlike traditional introductory texts, this book places a strong emphasis on practical applications such as Markov chains, birth-death processes, and reliability models. It also introduces more advanced topics, including martingales, dependency structures, and risk evaluation, which are becoming increasingly important in modern mathematical and statistical analyses.
The text is designed for students majoring in mathematics, statistics, computer science, economics, finance, and physics, and is structured to accommodate both a one-semester introductory course or a more detailed two-semester course. With numerous real-world examples and exercises, the book helps readers understand theoretical results and their practical applications in various fields.
