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

Yuri Suhov (University of Cambridge),Mark Kelbert (University of Wales, Swansea)

Probability and Statistics by Example: Volume 2, Markov Chains: A Primer in Random Processes and their Applications
Format
Paperback
Publisher
Cambridge University Press
Country
United Kingdom
Published
24 April 2008
Pages
504
ISBN
9780521612340

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

Yuri Suhov (University of Cambridge),Mark Kelbert (University of Wales, Swansea)

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.

This item is not currently in-stock. It can be ordered online and is expected to ship in approx 2 weeks

Our stock data is updated periodically, and availability may change throughout the day for in-demand items. Please call the relevant shop for the most current stock information. Prices are subject to change without notice.

Sign in or become a Readings Member to add this title to a wishlist.