Swansea, United Kingdom

Stochastic Processes (Theory and Application)

Master's
Language: EnglishStudies in English
Qualification: MRes
Kind of studies: part-time studies
Master of Research (MRes)
University website: www.swan.ac.uk
Application
Application may refer to:
Stochastic
The word stochastic is an adjective in English that describes something that was randomly determined. The word first appeared in English to describe a mathematical object called a stochastic process, but now in mathematics the terms stochastic process and random process are considered interchangeable. The word, with its current definition meaning random, came from German, but it originally came from Greek στόχος (stokhos), meaning 'aim, guess'.
Theory
A theory is a contemplative and rational type of abstract or generalizing thinking, or the results of such thinking. Depending on the context, the results might, for example, include generalized explanations of how nature works. The word has its roots in ancient Greek, but in modern use it has taken on several related meanings.
Theory
If you refuse to take account of theory, then you have forgotten that practice is often an offspring of theory.
Fausto Cercignani in: Brian Morris, Simply Transcribed. Quotations from Writings by Fausto Cercignani, 2014, quote 54.
Theory
All men suppose what is called Wisdom to deal with the first causes and the principles of things; so that, as has been said before, the man of experience is thought to be wiser than the possessors of any sense-perception whatever, the artist wiser than the men of experience, the masterworker than the mechanic, and the theoretical kinds of knowledge to be more of the nature of Wisdom than the productive.
Aristotle, Metaphysics, 982a1, Complete Works, vol. 2, p. 1553
Theory
Great theories are expansive; failures mire us in dogmatism and tunnel vision.
Stephen Jay Gould, Eight Little Piggies (1993), "More Light on Leaves".
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