Probability and Stochastic Methods

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Overview

​​

​In probablility theory a stochastic process, or sometimes random process (widely used) is a collection of random variables; this is often used to represent the evolution of some random value, or system, over time. This is the probabilistic counterpart to a deterministic process. Instead of describing a process which can only evolve in one way, in a stochastic or random process there is some indeterminacy: even if the initial condition (or starting point) is known, there are several (often infinitely many) directions in which the process may evolve.

Students wishing to study and do research in Probability theory and its applications are advised to apply directly to the graduate program of the department. 

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