TY - GEN U1 - Sonstiges A1 - Herzog, Bodo T1 - A review on ‘Probability and stochastic processes" JF - American journal of theoretical and applied statistics N2 - This paper is a commentary on the book ‘Probability and stochastic processes’ from Ionut Florescu. The book is an excellent introduction to both probability theory and stochastic processes. It provides a comprehensive discussion of the main statistical concepts including the theorems and proofs. The introduction to probability theory is easy accessible and a perfect starting point for undergraduate students even with majors in other subjects than science, such as business or engineering. The book is also up-to-date because it includes programming code for simulations. However, the book has some weaknesses. It is less convincing in more advanced topics of stochastic theory and it does not include solutions to excises and recent research trends. KW - probability theory KW - stochastic processes KW - simulation of stochastic processes Y1 - 2016 UN - https://nbn-resolving.org/urn:nbn:de:bsz:rt2-opus4-11152 SN - 2326-8999 SS - 2326-8999 U6 - https://doi.org/10.11648/j.ajtas.20160501.14 DO - https://doi.org/10.11648/j.ajtas.20160501.14 VL - 5 IS - 1 SP - 23 EP - 26 S1 - 4 PB - Science Publishing Group CY - New York ER -