{"product_id":"random-processes-markov-chains-vincent-bisette-9798312327731","title":"Random Processes \u0026 Markov Chains: A Comprehensive Guide to Stochastic Modeling and Applications","description":"\u003cb\u003eReactive Publishing\u003c\/b\u003e\u003cb\u003eMaster Random Processes and Markov Chains for Real-World Applications\u003c\/b\u003e\u003cp\u003e\u003cb\u003eRandom processes and Markov chains\u003c\/b\u003e form the foundation of \u003cb\u003estochastic modeling\u003c\/b\u003e, widely used in fields like finance, engineering, machine learning, and operations research. These mathematical tools help model \u003cb\u003euncertainty, decision-making, and dynamic systems\u003c\/b\u003e, providing insights into everything from \u003cb\u003efinancial markets and queuing systems to AI algorithms and biological processes\u003c\/b\u003e.\u003c\/p\u003e\u003cp\u003eThis \u003cb\u003ecomprehensive guide\u003c\/b\u003e breaks down complex topics into \u003cb\u003eclear explanations and practical applications\u003c\/b\u003e, making it ideal for students, researchers, and professionals who want to build a \u003cb\u003estrong mathematical foundation\u003c\/b\u003e in stochastic processes.\u003c\/p\u003e\u003cb\u003eWhat You'll Learn: \u003c\/b\u003e\u003cp\u003e\u003cb\u003eFundamentals of Random Processes\u003c\/b\u003e - Poisson processes, Gaussian processes, and Wiener processes\u003cbr\u003e\u003cb\u003eDiscrete-Time \u0026amp; Continuous-Time Markov Chains\u003c\/b\u003e - Transition probabilities, steady-state analysis, and Chapman-Kolmogorov equations\u003cbr\u003e\u003cb\u003eStochastic Modeling Techniques\u003c\/b\u003e - Applications in queuing theory, inventory management, and dynamic systems\u003cbr\u003e\u003cb\u003eHidden Markov Models (HMMs)\u003c\/b\u003e - Applications in speech recognition, finance, and artificial intelligence\u003cbr\u003e\u003cb\u003eMartingales \u0026amp; Stochastic Optimization\u003c\/b\u003e - How probability models are used in decision-making under uncertainty\u003cbr\u003e\u003cb\u003eMonte Carlo Simulations \u0026amp; Markov Chain Monte Carlo (MCMC)\u003c\/b\u003e - Numerical methods for complex stochastic systems\u003cbr\u003e\u003cb\u003ePractical Examples \u0026amp; Case Studies\u003c\/b\u003e - Applications in economics, physics, engineering, and data science\u003c\/p\u003e\u003cb\u003eWho This Book is For: \u003c\/b\u003e\u003cp\u003e\u003cb\u003eStudents \u0026amp; Researchers\u003c\/b\u003e - Build a solid foundation in probability, stochastic processes, and Markov models\u003cbr\u003e \u003cb\u003eEngineers \u0026amp; Scientists\u003c\/b\u003e - Apply stochastic modeling techniques to real-world problems\u003cbr\u003e\u003cb\u003eData Scientists \u0026amp; AI Practitioners\u003c\/b\u003e - Leverage Markov chains for machine learning and predictive analytics\u003cbr\u003e\u003cb\u003eFinance \u0026amp; Business Professionals\u003c\/b\u003e - Use Markov models for risk analysis and market prediction\u003c\/p\u003e\u003cp\u003eWith \u003cb\u003eclear explanations, real-world applications, and step-by-step examples\u003c\/b\u003e, this book makes \u003cb\u003erandom processes and Markov chains accessible to a broad audience\u003c\/b\u003e.\u003c\/p\u003e\u003cp\u003e\u003cb\u003eMaster stochastic modeling-get your copy today!\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Vincent Bisette,Alice Schwartz,Reactive Publishing\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9798312327731\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Independently Published\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 02\/26\/2025\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 416\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 1.22lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.00h x 6.00w x 0.85d","brand":"Vincent Bisette","offers":[{"title":"Paperback","offer_id":47427694723327,"sku":"9798312327731","price":29.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_53a6ea89-e493-4e2d-8bd2-39b4eaca8315.jpg?v=1761581002","url":"https:\/\/www.whiterainbookhouse.com\/products\/random-processes-markov-chains-vincent-bisette-9798312327731","provider":"WR Book House","version":"1.0","type":"link"}