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Stochastic Processes and their Applications

Ivan Stanimirovic

9781773615806
253 pages
Arcler Education Inc
Overview
Stochastic processes and their applications illustrates the theoretical knowledge of randomvariables along with some practical skills to analyze various stochastic dynamicalsystems in economics, engineering and other fields. It includes the most appropriateprocess for modelling in particular situations arising in economics, engineering andother fields. The book provides the readers with the insights into the development ofdifferent processes and theories like Poisson processes and the application of stochasticprocesses in biology.
Author Bio
Ivan Stanimirovic gained his PhD from University of Niš, Serbia in 2013.His work spans from multi-objective optimization methods to applicationsof generalized matrix inverses in areas such as image processing and computergraphics and visualisations. He is currently working as an Assistantprofessor at Faculty of Sciences and Mathematics at University of Niš oncomputing generalized matrix inverses and its applications.