Stochastic Processes for Business Applications (formerly OPR 9723)
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Overview
Subject area
OPR
Catalog Number
9783
Course Title
Stochastic Processes for Business Applications (formerly OPR 9723)
Department(s)
Description
This course covers fundamental concepts of stochastic processes necessary for understanding the complex probabilistic models currently used in business applications. Stochastic processes included are Poisson processes, random walks, Markov chains, and Brownian motion. Examples are selected from various business disciplines to illustrate the use of these processes in application. This is the same course as STA 9783.
Typically Offered
Fall, Spring, Summer
Academic Career
Graduate
Liberal Arts
No
Credits
Minimum Units
3
Maximum Units
3
Academic Progress Units
3
Repeat For Credit
No
Components
Name
Lecture
Hours
3
Requisites
028029