Stochastic Processes: Introduction and Tips

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SUMMARY

This discussion centers on the foundational aspects of Stochastic Processes, with a focus on the mathematical principles involved. Participants emphasize the vast scope of the topic, indicating that it encompasses various applications beyond mere mathematical theory. Steven, the original poster, seeks introductory insights and tips to better understand Stochastic Processes, highlighting a desire for both global perspectives and core concepts.

PREREQUISITES
  • Basic understanding of probability theory
  • Familiarity with mathematical notation and concepts
  • Knowledge of random variables and distributions
  • Introductory statistics
NEXT STEPS
  • Research the fundamentals of Markov Chains
  • Explore the concept of Random Walks in Stochastic Processes
  • Learn about the Central Limit Theorem and its applications
  • Investigate applications of Stochastic Processes in fields like finance and queuing theory
USEFUL FOR

Students, mathematicians, and researchers interested in probability theory, as well as professionals applying Stochastic Processes in fields such as finance, engineering, and data science.

steven187
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Hi all,

Im going to be researching into Stochastic processes don't know anything about it except the title, Thought I might get on here to get an introduction, see what other people know about it and tips that would be helpful in understanding the concepts? so if anybody knows anything about stochastic Proccess please feel free to share, I will be very interested to hear it.

Thank you

Regards

Steven
 
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Hi Steven187,

are you thinking about some field of application or "just" the math of it all? Just thinking for starters since the number of "things" under stochastic processes is pretty huge.
 
Hi there,

Yeah I am pretty much focused on the maths part of it, I am going to start researching it once I get some info about it from here, let me know what you know about the topic even a global perspective or the core concepts about it would be of help.

Regards

Steven
 

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