A stochastic process may be understood as a continuous-time series or as an extension of the time series that includes both discrete-time and continuous-time series. In this chapter we discuss a few well-known stochastic processes, which in a certain sense define the term stochastic processes. These include both discrete-time and continuous-time processes that have not been previously discussed in details. Again, our focus is the limiting behaviors of these processes.
KeywordsMarkov Chain Brownian Motion Poisson Process GARCH Model Interarrival Time
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