Stochastic Process

Description:

• $\{X(t),t\in T\}$
  • A collection of random variables
  • The index $t$ is often intepreted as time and $X(t)$ is the state of the process at time $t$
  • The set $T$ is called the index set of the process.
    • countable
    • the stochastic process is said to have discrete
  • $X(t)\in$ State Space