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Probability and Statistics by Example: Volume 2, Markov Chains: A Primer in Random Processes and their Applications

Probability and Statistics by Example: Volume 2, Markov Chains: A Primer in Random Processes and their Applications

Markov Chains - A Primer in Random Processes and Their Applications

by Yuri Suhov and Mark Kelbert
Hardback
Publication Date: 24/04/2008

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Probability and Statistics are as much about intuition and problem solving as they are about theorem proving. Because of this, students can find it very difficult to make a successful transition from lectures to examinations to practice, since the problems involved can vary so much in nature. Since the subject is critical in many modern applications such as mathematical finance, quantitative management, telecommunications, signal processing, bioinformatics, as well as traditional ones such as insurance, social science andengineering, the authors have rectified deficiencies in traditional lecture-based methods by collecting together a wealth of exercises with complete solutions, adapted to needs and skills of students. Following on from the success of Probability and Statistics by Example: Basic Probability and Statistics, the authors here concentrate on random processes, particularly Markov processes, emphasising modelsrather than general constructions. Basic mathematical facts are supplied as and when they are needed andhistorical information is sprinkled throughout.
ISBN:
9780521847674
9780521847674
Category:
Probability & statistics
Format:
Hardback
Publication Date:
24-04-2008
Language:
English
Publisher:
Cambridge University Press
Country of origin:
United Kingdom
Pages:
498
Dimensions (mm):
250x180x25mm
Weight:
1.14kg

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