The Poisson process is a continuous-time stochastic process , counting the number of events that have occurred
Question:
The Poisson process is a continuous-time stochastic process , counting the number of events that have occurred in the time interval .A sample path is illustrated in Fig. 11.2, and it is important to understand the underlying dynamics:
- The process starts at the initial state.
-After a random time, the first event occurs, and the state of the system jumps to =1
Data From Figure 11.2
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
An Introduction To Financial Markets A Quantitative Approach
ISBN: 9781118014776
1st Edition
Authors: Paolo Brandimarte
Question Posted: