Solution

ID: past-exam-of-the-options-i-course-of-the-university-of-oxford/2011/m/1/d/i/solution

A rate-two Poisson process starts at , has independent increments and stationary increments, and has for when time is measured in minutes. Equivalently it is a counting process with independent stationary increments satisfying, uniformly in the start time,
as . Thus an average rate alone is insufficient; the independence and increment assumptions are part of the model.

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