Week 2.10: Relation between renewal theory and non-homogeneous Poisson processes-1

Course video 22 of 76

Upon completing this week, the learner will be able to understand the definitions and main properties of Poisson processes of different types and apply these processes to various real-life tasks, for instance, to model customer activity in marketing and to model aggregated claim sizes in insurance; understand a relation of this kind of models to Queueing Theory

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