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 .

1. 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

2. Stochastic calculus