Paul G.Hoel – Introduction to Stochastic Processes

Paul G.Hoel – Introduction to Stochastic Processes

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An excellent introduction for electrical, electronics engineers and computer scientists who would like to have a good, basic understanding of the stochastic processes! This clearly written book responds to the increasing interest in the study of systems that vary in time in a random manner. It presents an introductory account of some of the important topics in the theory of the mathematical models of such systems. The selected topics are conceptually interesting and have fruitful application in various branches of science and technology. Review “This text maintains the highest possible mathematical standards for a book at this level. I would not teach a course in stochastic processes without it.” –John Angus, Claremont Graduate University “This book is well structured with topics that can be covered in one semester. I particularly like the topics chosen because they are not only of importance in theory, but also applicable to many areas such as economics, finance, engineering, and so on. The presentation is clear and reader friendly.” –Yimin Xiao, Michigan State University “A classic book that looks better and better as time goes by.” –N. D. Singpurwalla, George Washington University