Join Our WhatsApp Channel for Updates!
STA 2305: STOCHASTIC PROCESSES LECTURE NOTES
| Institution | University |
| Course | Actuarial science |
| Year | 1st Year |
| Semester | Unknown |
| Posted By | Mwalimu Evans Okoyo. |
| File Type | |
| Pages | 133 Pages |
| File Size | 22.15 MB |
| Views | 1560 |
| Downloads | 0 |
| Price: |
Buy Now
 Buy via
whatsapp
|
Description
A stochastic process is a collection of random variables, typically representing the state of a system over time, where the evolution of the system is governed by chance. These processes are used to model dynamic, unpredictable systems where exact rules are unknown or too complex to calculate precisely, allowing for the calculation of expected behaviors and probabilities over time.
Below is the document preview.
ORIENTATION, TRAINING AND DEVELOPMENT
Importance of Employee Orientation Programs
Reduce newcomer stress and anxiety - fear
of failure on the job. It is a normal fear of the
unknown, focused on the ability to do the job
Reduce start-up costs
Expedite proficiency/Skills/abilities
Assist in newcomer assimilation
Enhance adjustment to work group and norms
54 Pages
281 Views
0 Downloads
281.18 KB