{"product_id":"probability-and-statistics-by-example-volume-2-markov-chains-a-primer-in-random-processes-and-their-applications-paperback-9780521612340","title":"Probability and Statistics by Example: Volume 2, Markov Chains: A Primer in Random Processes and their Applications (Paperback) 9780521612340","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eProbability and Statistics by Example: Volume 2, Markov Chains: A Primer in Random Processes and their Applications\u003c\/font\u003e\u003cbr\u003e\r\n\r\n\r\n\u003c\/p\u003e\n\u003cp\u003e\u003cem\u003eThe subject is critical in many modern applications such as mathematical finance, quantitative management, insurance and actuarial studies.\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eYuri Suhov (Author), Mark Kelbert (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9780521612340, Cambridge University Press\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePaperback, published 24 April 2008\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e504 pages, 151 b\/w illus.\u003cbr\u003e24.6 x 17.4 x 2.4 cm, 0.99 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cem\u003e\u003cfont size=\"3\"\u003e'I enjoyed reading this book a great deal … it is a great way to flesh out the general theory with concrete examples and applications.' MAA Reviews\u003c\/font\u003e\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eProbability and Statistics are as much about intuition and problem solving as they are about theorem proving. Because of this, students can find it very difficult to make a successful transition from lectures to examinations to practice, since the problems involved can vary so much in nature. Since the subject is critical in many modern applications such as mathematical finance, quantitative management, telecommunications, signal processing, bioinformatics, as well as traditional ones such as insurance, social science andengineering, the authors have rectified deficiencies in traditional lecture-based methods by collecting together a wealth of exercises with complete solutions, adapted to needs and skills of students. Following on from the success of Probability and Statistics by Example: Basic Probability and Statistics, the authors here concentrate on random processes, particularly Markov processes, emphasising modelsrather than general constructions. Basic mathematical facts are supplied as and when they are needed andhistorical information is sprinkled throughout.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePreface\u003cbr\u003e Introduction: Andrei Markov and his time\u003cbr\u003e 1. Discrete-time Markov chains\u003cbr\u003e 2. Continuous-time Markov chains: basic theory\u003cbr\u003e 3. Statistics of discrete-time Markov chains\u003cbr\u003e Afterword: Pearson, Maxwell and other famous Cambridge Wranglers of the past: some lessons to be learned\u003cbr\u003e Bibliography\u003cbr\u003e Appendix\u003cbr\u003e Index.\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Probability \u0026amp; statistics [\u003ca title=\"See our other books on Probability \u0026amp; statistics\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Probability%20\u0026amp;%20statistics%20%5BPBT%5D%22\"\u003ePBT\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Cambridge University Press","offers":[{"title":"Default Title","offer_id":46003701776664,"sku":"9780521612340","price":54.28,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/products\/9780521612340i_3663fec2-913a-4150-a0e5-4be7189b88cd.jpg?v=1691370504","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/probability-and-statistics-by-example-volume-2-markov-chains-a-primer-in-random-processes-and-their-applications-paperback-9780521612340","provider":"Freshly Printed Books","version":"1.0","type":"link"}