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This course introduces some of the most useful probability models that are widely used in biology, medicine, economics, finance, engineering, physics and many other areas. The models that will be covered are Markov chains, martingales and Poisson processes.
be able to identify, formulate and solve certain probability problemsunderstand the model assumptions and mathematical properties of some commonrandom processes, which may include Markov chains, random walks, Poissonprocesses and martingales.be able to use these models in simple applications.
(STAT101 or STAT111 or STAT112) and (MATH102 or EMTH118 or MATH108 or MATH109); or any one of MATH103, MATH199, EMTH119.
STAT216
Carl Scarrott
Marco Reale
There is no required textbook for the course. Our lectures will be based around the books:1. Ross, S. (2009). Introduction to Probability Models.2. Beichelt , F. (2006). Stochastic Processes in Science, Engineering, and Finance. e-book: http://www.crcnetbase.com.ezproxy.canterbury.ac.nz/isbn/97815848849343. Durrett, R. (1999). Essentials of Stochastic Processes
STAT211 Homepage General information for students Library portal LEARN
Domestic fee $699.00
International fee $3,450.00
* All fees are inclusive of NZ GST or any equivalent overseas tax, and do not include any programme level discount or additional course-related expenses.
For further information see Mathematics and Statistics .