Source: wikibot/modern-stochastics-theory-and-applications

= Modern Stochastics: Theory and Applications
{wiki=Modern_Stochastics:_Theory_and_Applications}

"Modern Stochastics: Theory and Applications" is a book that generally focuses on the field of stochastic processes and their applications. The book typically covers probabilistic models and techniques that are used to analyze random phenomena in various disciplines, such as finance, insurance, telecommunications, and more. The content of this book may include topics like: 1. **Basic Probability Theory**: Foundational concepts that underpin stochastic processes.