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HomeMIT 6.262 Discrete Stochastic Processes, Spring 2011Lecture 16: Renewals and Countable-state Markov

Lecture 16: Renewals and Countable-state Markov

1:19:40

Description: After reviewing the three major renewal theorems, we introduce Markov chains with countable state spaces. The matrix approach for finite-state chains is replaced by renewals based on first-passage times.

Instructor: Prof. Robert Gallager