Basic Stochastic Processes: A Course Through Exercises (Springer Undergraduate Mathematics Series)

Basic Stochastic Processes: A Course Through Exercises (Springer Undergraduate Mathematics Series)

Stochastic processes are tools used widely by statisticians and researchers working in the mathematics of finance. This book for self-study provides a detailed treatment of conditional expectation and probability, a topic that in principle belongs to probability theory, but is essential as a tool for stochastic processes. The book centers on exercises as the main means of explanation.