MATH 7670 - App Stochastic Models

(3) Markov chains with discrete time; classification of states, stationary distributions, absorption probabilities and absorption time; Markov chains with continuous time; birth-death processes, waiting time distributions, queuing models, population growth models, Kolmogorov forward and backward equations, diffusion processes, Fokker-Planck equation; applications to genetic problems, etc. May be repeated when topic changes.