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Stochastic Processes, Markov Chains and Markov Jumps

Name: Stochastic Processes, Markov Chains and Markov Jumps
Rating: 7.9 (122 reviews)

By MJ the Fellow Actuary

4.5

☆☆☆☆☆ 4.5/5

(122 reviews)

1,364 students

Created by

7.9

Classbaze Grade®

7.4

Freshness

8.5

Popularity

7.2

Material

Detailed Analysis »

Platform: Udemy

Price: check current price

Video: 2h 46m

Language: English

Next start: On Demand

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Classbaze Grade®

7.9 / 10

CourseMarks Score® helps students to find the best classes. We aggregate 18 factors, including freshness, student feedback and content diversity.

Freshness

7.4 / 10

This course was last updated on 3/2020.

Course content can become outdated quite quickly. After analysing 71,530 courses, we found that the highest rated courses are updated every year. If a course has not been updated for more than 2 years, you should carefully evaluate the course before enrolling.

Popularity

8.5 / 10

We analyzed factors such as the rating (4.5/5) and the ratio between the number of reviews and the number of students, which is a great signal of student commitment.

New courses are hard to evaluate because there are no or just a few student ratings, but Student Feedback Score helps you find great courses even with fewer reviews.

Material

7.2 / 10

Video Score: 8.0 / 10

The course includes 2h 46m video content. Courses with more videos usually have a higher average rating. We have found that the sweet spot is 16 hours of video, which is long enough to teach a topic comprehensively, but not overwhelming. Courses over 16 hours of video gets the maximum score.

The average video length is 2 hours 59 minutes of 12 Actuarial Science courses on Udemy.

Detail Score: 8.1 / 10

The top online course contains a detailed description of the course, what you will learn and also a detailed description about the instructor.

Extra Content Score: 5.5 / 10

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About the course

In this course we look at Stochastic Processes, Markov Chains and Markov Jumps
We then work through an impossible exam question that caused the low pass rate in the 2019 sitting.
This question requires you to have R Studio installed on your computer.
Things we cover in this course:
Section 1
•Stochastic Process
•Stationary Property
•Markov Property
•White Noise
•Increments
•Random Walks
Section 2
•Markov Chains
•Transition Probabilities
•Chapman-Kolmogorov Equations
•Transition Matrix
•Stationary Probability Distributions
•Irreducibility
•Periodicity
Section3
•R Studio Exam Question
Section 4
•Markov Jump Process
•Transition and Survival Probabilities
•Kolmogorov’s Forward Differential Equation
•Transition Rates
•Generator Matrix
•Kolmogorov’s Backward Differential Equation

What can you learn from this course?

✓ The basics of Stochastic Processes and Markov Chains

What you need to start the course?

• An understanding of actuarial statistics is required

Who is this course is made for?

• Actuarial Students writing the professional exams

Are there coupons or discounts for Stochastic Processes, Markov Chains and Markov Jumps ? What is the current price?

The course costs $14.99. And currently there is a 70% discount on the original price of the course, which was $49.99. So you save $35 if you enroll the course now.

The average price is $14.9 of 12 Actuarial Science courses. So this course is 1% more expensive than the average Actuarial Science course on Udemy.

Will I be refunded if I'm not satisfied with the Stochastic Processes, Markov Chains and Markov Jumps course?

YES, Stochastic Processes, Markov Chains and Markov Jumps has a 30-day money back guarantee. The 30-day refund policy is designed to allow students to study without risk.

Are there any financial aid for this course?

Currently we could not find a scholarship for the Stochastic Processes, Markov Chains and Markov Jumps course, but there is a $35 discount from the original price ($49.99). So the current price is just $14.99.

Who will teach this course? Can I trust Michael Jordan?

Michael Jordan has created 22 courses that got 1,996 reviews which are generally positive. Michael Jordan has taught 26,069 students and received a 4.4 average review out of 1,996 reviews. Depending on the information available, we think that Michael Jordan is an instructor that you can trust.

Learn everything about

Michael Jordan

Actuary (FASSA/CERA)

Hi I’m MJ the Fellow Actuary. I’ve been making educational videos since 2013 on YouTube. I’ve passed all the actuarial exams and am here to help you do the same. I’ve majored in Mathematical Statistics and have published research in the South African Journal of Science on Artificial Intelligence. I’ve also done a Ted Talk on advanced studying methods. As your instructor my purpose is to make sure you understand every concept in these courses. If you get stuck with anything, send me a message, I’m here to help.

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