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Probability and Stochastic Processes by Ionut Florescu

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Chapter 9Introduction to Stochastic Processes

What is a stochastic process?

We give here the famous R.A. Fisher quote, who answered the same question:

What is a stochastic process? Oh, it's just one darn thing after another.

In this chapter, we start the study of stochastic processes by presenting common properties and characteristics. Generally, possessing one or more of these properties will simplify the study of the particular stochastic process. Not all stochastic processes have these properties. In the second section of this chapter, ...

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