Statistics (STAT)
School of Mathematics and Statistics
Faculty of Science
STAT 4508 [0.5 credit]
Stochastic Models (Honours)
Review of discrete Markov chains and Poisson processes; continuous time Markov chains; pure jump Markov processes, and birth and death processes including the Q-matrix approach; the Kolmogorov equations; renewal theory; introduction to Brownian motion; queueing theory. Also offered at the graduate level, with additional or different requirements, as
STAT 5701, for which additional credit is precluded.
Prerequisite:
STAT 3506 or permission of the School.
Lectures three hours a week.