Introduction

This file contains exercises written to help you understand the course “Applied Stochastic Processes”. It also contains, in the second half of the file, some hints and solutions to many of those exercises. We strongly recommend that you attempt the exercises first, then look at a hint if you cannot get started, and only refer to the solutions to check whether your answers are correct. Please let us know of any mistakes. Hints and solutions are not provided for all questions, for various reasons.

  1. Department of Mathematical Sciences, Durham University, ↩︎

  2. Department of Statistical Science, UCL, ↩︎