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Stochastic Processes Course
This course will help you understand how things change randomly, which is important for people who work with numbers. You'll learn how to estimate important numbers using methods like Maximum Likelihood Estimation and the Method of Moments. You'll also learn about Geometric Brownian Motion and how it's used to understand money matters. You'll learn how to collect data, clean it up, and make pictures to help you understand what the simulations are showing you. You'll learn about changes and things that are not certain, and how they affect choices about money. This course will give you real skills that you can use.
- Master Maximum Likelihood Estimation (MLE): Learn how to best estimate numbers using Maximum Likelihood Estimation.
- Analyze Variability: Understand how much things change and how uncertain they are in stochastic processes (random changes).
- Simulate Stock Prices: Make pretend stock prices to see how they might change in the future.
- Visualize Data: Make good graphs and charts to show what the data means.
- Apply Geometric Brownian Motion (GBM): Use Geometric Brownian Motion to understand how money matters work.

from 4 to 360h flexible workload
certificate recognized by MEC
What will I learn?
This course will help you understand how things change randomly, which is important for people who work with numbers. You'll learn how to estimate important numbers using methods like Maximum Likelihood Estimation and the Method of Moments. You'll also learn about Geometric Brownian Motion and how it's used to understand money matters. You'll learn how to collect data, clean it up, and make pictures to help you understand what the simulations are showing you. You'll learn about changes and things that are not certain, and how they affect choices about money. This course will give you real skills that you can use.
Elevify advantages
Develop skills
- Master Maximum Likelihood Estimation (MLE): Learn how to best estimate numbers using Maximum Likelihood Estimation.
- Analyze Variability: Understand how much things change and how uncertain they are in stochastic processes (random changes).
- Simulate Stock Prices: Make pretend stock prices to see how they might change in the future.
- Visualize Data: Make good graphs and charts to show what the data means.
- Apply Geometric Brownian Motion (GBM): Use Geometric Brownian Motion to understand how money matters work.
Suggested summary
Before starting, you can change the chapters and the workload. Choose which chapter to start with. Add or remove chapters. Increase or decrease the course workload.What our students say
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