TEST BANK INSTRUCTOR’S SOLUTIONS MANUAL FOR INTRODUCTION TO STOCHASTIC PROCESSES WITH R BY ROBERT P. DOBROW

TEST BANK INSTRUCTOR’S SOLUTIONS MANUAL FOR INTRODUCTION TO STOCHASTIC PROCESSES WITH R BY ROBERT P. DOBROW Chapter 1 1.1 For the following scenarios identify a stochastic process Xt, t I , describing (i) Xt in context, (ii) state space, and (iii) index set. State whether the state space and index set are discrete or continuous. b) Xt is the student’s status at the end of year t. State space (discrete): S = {Drop Out, Frosh, Sophomore, Junior, Senior, Graduate}. Index set (discre...