Stochastic Processes for JAM MS: Exactly What Section 12 Asks
Quick answer. Section 12 of the IIT JAM Mathematical Statistics syllabus is Stochastic Processes, and it is tightly bounded. It covers discrete time Markov chains and the Poisson process, and nothing beyond them. Continuous time Markov chains, birth and death processes, Brownian motion, queueing theory and renewal theory are all outside the syllabus. Knowing where … Read more