CS2 Previous Questions
- anactuary1729
- Dec 30, 2023
- 1 min read
Q. The classification of stochastic models according to:
· Discrete or continuous time variable
· Discrete or continuous state space
gives rise to a four-way classification.
Give four examples, one of each type, of stochastic models that may be used to model observed processes and suggest a practical problem to which each model may be applied. [4]
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