Reference no: EM131465543

Identify a specific concept covered in the lectures this week that you are particularly interested in exploring. Then find a real-world application of that concept (you can analyze examples you find online or in your real-world experience). In your initial post, please do the following:

• Write a title/heading for your concept.
• Provide link(s) if you used internet sources to select examples.
• Summarize the example case.
• Apply and analyze the concept in regards to the example.

Note that even if you end up selecting the same topic as some peer(s), it is expected that your contributions on the topic will be different from the contributions made by your peer(s). 

Caution: Please note that references must be cited and answers must be in your own words - and not copied or pasted from other sources. Also, please make your initial posts before reviewing others' posts. Please ensure that your posts and comments are professional, spell-checked and grammar checked. These requirements are applicable to all discussion and response posts throughout this course. 

The topic I would like to choose is: Stochastic Process

300-500 words. This does not need to be in a paper form only a discussion post