Question: Consider the most relevant stochastic processes we have studied in our lectures. Define and discuss the fundamental properties of the following stochastic processes: a)

Consider the most relevant stochastic processes we have studied in our lectures. Define and discuss the fundamental propertie

Consider the most relevant stochastic processes we have studied in our lectures. Define and discuss the fundamental properties of the following stochastic processes: a) Standard Wiener process; [15 marks] b) Generalized Wiener process.

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1 Standard Winner Process A standard onedimensional Wiener process also called Brownian motion is a stochastic process Wtt0 indexed by nonnegative rea... View full answer

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