Stochastic modelling is the development of mathematical models for non-deterministic physical systems, which can adopt many possible behaviours starting from any given initial condition.

The stochastic alpha beta rho model is a stochastic volatility model for forward prices commonly used in the modelling of interest rate derivatives. The alpha, beta and rho in the name are parameters ...

Title: Unifying incidence and prevalence under a time-varying general branching process Abstract: In epidemiology, renewal equations are a popular approach used in modelling the number of new ...