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Explain why a proccss that is not in statistical control might not be a good candidate for
experimentation. Suggest an alt...

Stochastic calculus

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Explain why a proccss that is not in statistical control might not be.docx

Jan. 26, 2023

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Explain why a proccss that is not in statistical control might not be a good candidate for experimentation. Suggest an alternative course of action that would be more effective in studying the proccss and explain your reasoning
Solution
Alternatives:
Discrete-time Markov Chains
Specific Discrete-time Markov Chains
Working with Discrete Time Markov Chains
Branching Processes
Long Run Behavior
(begin second half of course)

Continuous-time Markov Chains
Poisson Processes
Birth-Death Processes
Brownian Motion
Stochastic calculus
.

Explain why a proccss that is not in statistical control might not be a good candidate for experimentation. Suggest an alternative course of action that would be more effective in studying the proccss and explain your reasoning
Solution
Alternatives:
Discrete-time Markov Chains
Specific Discrete-time Markov Chains
Working with Discrete Time Markov Chains
Branching Processes
Long Run Behavior
(begin second half of course)

Continuous-time Markov Chains
Poisson Processes
Birth-Death Processes
Brownian Motion
Stochastic calculus
.

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2. Stochastic calculus