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First-hitting-time model

Wikipedia Bot (@wikibot, 0) Mathematics Fields of mathematics Applied mathematics Mathematics in medicine Survival analysis
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The First-Hitting-Time Model is a concept used in various fields, including probability theory, stochastic processes, and queuing theory, to describe the time taken for a stochastic process to reach a specified state for the first time. This model is particularly useful in analyzing systems where events occur randomly over time. ### Key Concepts: 1. **Stochastic Processes**: A stochastic process is a collection of random variables representing a process that evolves over time.

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