Stochastic Models: Analysis and Applications

by B.R. Bhat

The book presents a systematic exposition of the basic theory and applications of stochastic models.Emphasising the modelling rather than mathematical aspects of stochastic processes, the book bridges the gap between the theory and applications of these processes. The basic building blocks of model construction are explained in a step by step manner, starting from the simplest model of random walk and proceeding gradually to more complicated models. Several examples are given throughout the text to illustrate important analytical properties as well as to provide applications. The book also includes a detailed chapter on Inference for stochastic processes. This chapter highlights some of the recent developments in the subject and explains them through illustrative examples. An important feature of the book is the Complements and Problems section at the end of each chapter which presents (i) additional properties of the model, (ii) extensions of the model, and (iii) applications of the model to different areas. With all these features, this is an invaluable text for postgraduate students of statistics, mathematics and operation research. About The Dr. B. Ramdas Bhat was Professor and Head of the Department of Statistics at Karnataka University, Dharwad for more than two decades. He was teaching P.G. classes since 1954 in Karnataka University, University of Hyderabad, Bangalore University and Indian Statistical Institute. He has been visiting Professor in the University of Poona, University of W. Australia, Michigan State University, University of California, Riverside and University of Georgia. Now he is in the University of Botswana.? Dr. Bhat has obtained his M.A. degree in Mathematics f

Hardcover

Published January 1, 2000