Stochastic Processes, Markov Chains and Markov Jumps
- 4.3
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Brief Introduction
By MJ the Fellow ActuaryDescription
In this course we look at Stochastic Processes, Markov Chains and Markov Jumps
We then work through an impossible exam question that caused the low pass rate in the 2019 sitting.
This question requires you to have R Studio installed on your computer.
Things we cover in this course:
Section 1
Stochastic Process
Stationary Property
Markov Property
White Noise
Increments
Random Walks
Section 2
Markov Chains
Transition Probabilities
Chapman-Kolmogorov Equations
Transition Matrix
Stationary Probability Distributions
Irreducibility
Periodicity
Section3
R Studio Exam Question
Section 4
Markov Jump Process
Transition and Survival Probabilities
Kolmogorov's Forward Differential Equation
Transition Rates
Generator Matrix
Kolmogorov's Backward Differential Equation
Requirements
- Requirements
- An understanding of actuarial statistics is required
Michael Jordan
4.3 Raiting
Stochastic Processes, Markov Chains and Markov Jumps
- 4.3
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By MJ the Fellow Actuary In this course we look at Stochastic Processes, Markov Chains and Markov Jumps This question requires you to have R Studio installed on your computer....
The Actuarial Science Collection
- 4.6
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By MJ the Student Actuary This course is a collection of various videos and study notes that I'd made while I was studying actuarial science....
Stochastic processes
- 4.5
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More precisely, the objectives are 1. study of the basic concepts of the theory of stochastic processes; 2. introduction of the most important types of stochastic processes;...
