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Markov Processes (Advances in Applied Mathematics)



Description:

This text fills a niche between a calculus-based probability course and a stochastic processes course typically taken by upper undergraduate students. While Markov processes are touched on in probability courses, this book offers the opportunity to concentrate on the topic when additional study is required. It discusses how Markov processes are applied in a number of fields, including economics, physics, and mathematical biology.

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