Aug 05, 2021  
2020 - 2021 Graduate Catalog 
    
2020 - 2021 Graduate Catalog [ARCHIVED CATALOG]

BUAD 5032 - Stochastic Modeling


Fall Credits: (3) Koehl

Stochastic Modeling is a foundation course in the study of business analytics.  It provides an understanding of the principles associated with modeling of stochastic processes.  The topics will include: probability theory (important probability distributions, sampling from distributions, interaction of multiple stochastic processes); statistical analysis (descriptive/inferential/predictive statistics, multivariate statistics, time series models); and modeling (modeling concepts, Monte Carlo simulation, decision analytics). Students will also be introduced to a variety of statistical modeling packages.