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  • Stochastic Process: X, Y, Etc. We Consider Sequences X

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    Stochastic processes are sequences of random variables indexed by time, where the value of each variable may depend on the values of previous variables. Common examples include telephone calls arriving at a switchboard and queues for counters. Key terms include first passage time, absorbing time, absorbing state, and recurrence time. The two main types of stochastic processes are Poisson processes, where the variables are identically and uniformly distributed, and Markov processes, where the variables are dependent on each other in a certain manner.

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    Stochastic Process

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    Stochastic processes are sequences of random variables indexed by time, where the value of each variable may depend on the values of previous variables. Common examples include telephone calls arriving at a switchboard and queues for counters. Key terms include first passage time, absorbing time, absorbing state, and recurrence time. The two main types of stochastic processes are Poisson processes, where the variables are identically and uniformly distributed, and Markov processes, where the variables are dependent on each other in a certain manner.

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    143 views8 pages

    Stochastic Process: X, Y, Etc. We Consider Sequences X

    Uploaded by

    vignesh_s_1987
    Stochastic processes are sequences of random variables indexed by time, where the value of each variable may depend on the values of previous variables. Common examples include telephone calls arriving at a switchboard and queues for counters. Key terms include first passage time, absorbing time, absorbing state, and recurrence time. The two main types of stochastic processes are Poisson processes, where the variables are identically and uniformly distributed, and Markov processes, where the variables are dependent on each other in a certain manner.

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    Stochastic Process

    Stochastic processes are processes that proceed randomly in time. Rather than consider fixed random variables X, Y, etc. we consider sequences X0, X1, X2, . where Xt represent some random quantity at time t. In general, the value Xt might depend on the quantity Xt-1 at time t-1, or even the value Xs for other times s < t.

    Where do you see them?

    Where do you see them?

    Where do you see them?

    Where do you see them?

    Where do you see them?

    Commonly used terms in Stochastic processes

    First passage time Absorbing time Absorbing state Recurrence time

    Types of processes

    Poisson process All variables are identically and uniformly distributed


    eg: telephone calls arriving at a switchboard, queues for counters

    Markov process The variables are dependent on a certain manner

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