TY - CHAP
T1 - Introduction to Stochastic Exponential Growth
AU - Pirjol, Dan
N1 - Publisher Copyright:
© 2022, The Author(s), under exclusive license to Springer Nature Switzerland AG.
PY - 2022
Y1 - 2022
N2 - This chapter introduces stochastic growth processes, starting with random multiplicative models with iid multipliers and continuous time diffusions, illustrated with examples from biology, finance and economics. They display exponential growth, and we introduce several measures of the growth rates. Stochastic growth processes with Markovian dependence are introduced, as more realistic models for growth in a random environment.
AB - This chapter introduces stochastic growth processes, starting with random multiplicative models with iid multipliers and continuous time diffusions, illustrated with examples from biology, finance and economics. They display exponential growth, and we introduce several measures of the growth rates. Stochastic growth processes with Markovian dependence are introduced, as more realistic models for growth in a random environment.
UR - http://www.scopus.com/inward/record.url?scp=85137593813&partnerID=8YFLogxK
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U2 - 10.1007/978-3-031-11143-3_1
DO - 10.1007/978-3-031-11143-3_1
M3 - Chapter
AN - SCOPUS:85137593813
T3 - SpringerBriefs in Applied Sciences and Technology
SP - 1
EP - 17
BT - SpringerBriefs in Applied Sciences and Technology
ER -