Characterization of Probability Distributions and Process Modeling
by Prof Boyan Dimitrov, Kettering University (MI, USA)
Abstract: In this course, we will meet a new class of probability distributions and related random processes that arise in some real-life situations. Analysis of the properties of these distributions helps to understand the area of their applications and modeling power. We see how these properties are used to model various processes in economics, industry, demography, environmental studies, and how their use reflects on insurance, risk and cost analysis.
The course is mostly built on resent results obtained by the lecturer and is designed to give incentives and inspiration to students. Some open problems and further research directions will be presented, as well as various possible areas of applications.
For More Information: For more information contact: Prof Kostya Borovkov