SEEM 3570: Stochastic Models

2012-13 Second Term


Announcements

 


General Information

 

o    Weijie Wu (wwu@se.cuhk.edu.hk)

o    Office Hours: Mondays 12:30pm - 1:30pm, or by appointment, in ERB 615

 

o    Fai Lung Wong, Frank (wongfl@se.cuhk.edu.hk)

o    Office Hours: Tuesdays 12:30pm - 1:30pm, or by appointment, in ERB 905

 

o    Chaolin Yang (clyang@se.cuhk.edu.hk)

o    Office Hours: Thursdays 10:30am - 11:30am, or by appointment, in ERB 511D

 

·         Lecture Hours/Venue: Wednesdays 9:30am - 12:15pm, in SWH 2 (Fung King Hey Bldg Swire Hall 2)

 

·         Tutorial Hours/Venue:

o    Tuesdays 4:30pm-5:15pm in LHC G03 (Y.C.Liang Hall)

o    Thursdays 5:30pm -6:15pm in ERB 405 (WMMW Engineering Bldg.)

Course Description

In this course we will develop techniques for incorporating randomness in models of real-world phenomena and study how to analyze such models using tools from probability and statistics. Specifically, we will first study econometric models that arise in the business, finance, and more generally, social sciences areas, and see how they can be used for forecasting and policy analysis purposes. In the process, we will develop the necessary statistical machinery to analyze those models. Then, we will cover the basics of stochastic processes, with particular emphasis on the theory of Markov chains. Applications, such as queueing systems, random walks and birth-death processes, will be used to illustrate the theory.

Students should have workable knowledge in basic probability and statistics, at the level of SEEM 2430 or equivalent.

Course Requirements

Learning Resources

Students may find the following textbooks useful for this course:

Supplementary material will also be posted below as the course progresses.

Handouts

Tutorial Notes

Homework Sets (Assignment Box: D07)

Solutions to Assignments


Last Updated: May 02, 2013