Stochastic Modelling

The 4-year degree I am studying for is Bachelor of Science in Financial Mathematics. These notes were part of my 3rd-year module, Stochastic Modelling.. The course built on a previous modules on Probability. The course covered the topics: Stochastic Processes, Time-Homogeneity, Markov Chains, Transition Matrices, Random Walks, Stationary Distributions, Probability States, Classes, Periods, Markov Jump Processes, Kolmogorov Equations, Jump & Holding Times. This document contains questions of 8 tu...

The 4-year degree I am studying for is Bachelor of Science in Financial Mathematics. These notes were part of my 3rd-year module, Stochastic Modelling.. The course built on a previous modules on Probability. The course covered the topics: Stochastic Processes, Time-Homogeneity, Markov Chains, Transition Matrices, Random Walks, Stationary Distributions, Probability States, Classes, Periods, Markov Jump Processes, Kolmogorov Equations, Jump & Holding Times.. These notes are ideal for anyone studyi...