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This textbook, now in its fourth edition, offers a rigorous and self-contained introduction to the theory of continuous-time stochastic processes, stochastic in
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A beginner’s guide to stochastic growth modeling The chief advantage of stochastic growth models over deterministic models is that they combine both determini
Modeling with Itô Stochastic Differential Equations
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This book explains a procedure for constructing realistic stochastic differential equation models for randomly varying systems in biology, chemistry, physics, e