Faculty
Department
Year of Publication
Keyword
upload
Publication Type
Abstract
The primary objective of Random Walk Theory is that it suggests the changes in a
particular element e.g. stock price, having the same distribution and are independent of each other. Therefore, it assumes that the past movement or trend of maybe a stock price cannot be used to predict its future movement. Random Walk Theory have crucial point of conversation in ballot theorem, Markov process and gambler’s ruin. Though, various kind of Random Walks are of interest, which can vary in more than one way. The term itself most often refer to an extraordinary class of markov chain. Random Walk theory can actually take place in variety of spaces: usually concentrated ones include graphs, others on the integers or the real line in the plane or higher dimensional vector spaces on curved surfaces. Next we discussed the application of Random Walk Theory in relation to gambler`s ruin, we furthermore look into this and then concluded.
particular element e.g. stock price, having the same distribution and are independent of each other. Therefore, it assumes that the past movement or trend of maybe a stock price cannot be used to predict its future movement. Random Walk Theory have crucial point of conversation in ballot theorem, Markov process and gambler’s ruin. Though, various kind of Random Walks are of interest, which can vary in more than one way. The term itself most often refer to an extraordinary class of markov chain. Random Walk theory can actually take place in variety of spaces: usually concentrated ones include graphs, others on the integers or the real line in the plane or higher dimensional vector spaces on curved surfaces. Next we discussed the application of Random Walk Theory in relation to gambler`s ruin, we furthermore look into this and then concluded.
Supervisor(s)
co-supervisor