I am finding stochastic model as a quite difficult chapter to understand as I didn't have statistics as a subject in my college days.Can anybody help me to develop the concept of the subject by suggesting some study materials or books or explain the concept in a nutshell.
If u have not studied Stats at all, then get STAT PACK from the institute. Which gives the brief details of, Frequency distribution... location/measure of spread...probability distribution...normal distribution...standardising...Lognormal distribution.. Stat Pack is sufficient to apply for CH-15_Stoc.Int. models All the best
