Topics: Types of Stochastic Processes
(definition)
A chain is a stochastic process with both a discrete state set and a parameter set
Sequences of random variables are also sometimes simply called stochastic series with a discrete state set.
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Topics: Types of Stochastic Processes
(definition)
A chain is a stochastic process with both a discrete state set and a parameter set
Sequences of random variables are also sometimes simply called stochastic series with a discrete state set.