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Home > Probability theory and statistics > Stochastic processes > - Introduction - 


Introduction to stochastic processes


Finally, some examples are given of mixture processes. These are random processes where one or more of the defining parameters (like a binomial probability, for example) may itself be a random variable. There are some very useful theoretical results that come out of mixture processes, and in Monte Carlo simulation this is something that do we quite naturally anyway by simply nesting distributions.