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Concept
Poisson Processes
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Summary
A
Poisson Process
is a
Stochastic Process
that models the occurrence of
Random Events
happening independently and at a
Constant average rate
. It's commonly used in fields such as telecommunications, finance, and
Natural Sciences
to describe phenomena like
Incoming phone calls
,
Stock market events
, or
Radioactive decay counts
.
Concepts
Stochastic Process
Exponential Distribution
Poisson Distribution
Rate Parameter
Markov Property
Memoryless Property
Homogeneous Process
Non-Homogeneous Process
Interarrival Times
Event Count
Stochastic Processes In Epidemiology
Sample Path Properties
Relevant Degrees
Biotechnology 75%
Mathematics 25%
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