MATH 540

Stochastic Processes with Applications

University of New Mexico-Main Campus · UGRD · Fall 2026

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Markov chains and processes with applications. Classification of states. Decompositions. Stationary distributions. Probability of absorption, the gambler's ruin and mean time problems. Queuing and branching processes. Introduction to continuous time Markov processes. Jump processes and Brownian motion.

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Class #new_mexico_main_campus-MATH540Fall 2026UGRD3 credits
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