STOCHASTIC PROCESS IN PROBABILITY THERORY

Author (s) : R.KRIUTHIGA and Dr. B.VENGATACHALAM

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Abstract :
In probability theory and related fields, a stochastic or random process is a mathematical object usually defined as a family of random variables Historically, the random variables were associated with or indexed by a set of numbers, usually viewed as points in time, giving the interpretation of a stochastic process representing numerical values of system randomly changing over time, such as the some growth of a bacterial population, an electrical current fluctuating due to thermal noise, or the movement of a gas molecule. Stochastic processes are widely used as mathematical models of systems and phenomena that appear to vary in a random manner.  

Keywords : Stochastic Process, Probability Theory

Conference Date : 30/08/2019

Pages : 154

Paper ID : 19152