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A stochastic process describes evolution of random variables/systems over time and/or space and/or any other index set. It has applications in areas such as econometrics, weather, signal processing, etc. Examples - Gaussian process, Markov Process, etc.

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Suppose we have the following random process. We start with two vectors $a_1=(0)$ and $b_1=(0)$. In going from $i$ to $i+1$, we will a perturbation to $a_i$ and $b_i$. With probability $p$, we perf …
asked Mar 8 '11 by Douglas S. Stones