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A '''stochastic process''' is a ]. This means that, if | ||
f : D -> R | f : D -> R |
Revision as of 13:13, 6 April 2002
A stochastic process is a random function. This means that, if
f : D -> R
is a random function with domain D and range R, the image of each point of D, f(x), is a random variable with values in R.
Of course, the mathematical definition of a function includes the case "a function from {1,...,n} to R is a vector in R^n", so multidimensional random variables are a special case of stochastic processes.
For our first infinite example, take the domain to be N, the natural numbers, and our range to be R, the real numbers. Then, a function f : N -> R is a sequence of real numbers, and the following questions arise:
- How is a random sequence specified?
- How do we find the answers to typical questions about sequences, such as
- what is the probability distribution of the value of f(i)?
- what is the probability that f is bounded?
- what is the probability that is f monotonic?
- what is the probability that f(i) has a limit as i->infty?
- if we construct a series from f(i), what is the probability that the series converges? What is the probability distribution of the sum?
Another important class of examples is when the domain is not a discrete space such as the natural numbers, but a constinuous space such as the unit interval , the positive real numbers [0,infty) or the entire real line, R. In this case, we have a different set of questions that we might want to answer:
- How is a random sequence function specified?
- How do we find the answers to typical questions about functions, such as
- what is the probability distribution of the value of f(x)?
- what is the probability that f is bounded/integrable/continuous/differentiable...?
- what is the probability that f(i) has a limit as i->infty?