Includes bibliographical references and index.

Intended for a calculus-based course in stochastic processes at the graduate or advanced undergraduate level, this text offers a modern, applied perspective.

Instead of the standard formal and mathematically rigorous approach usual for texts for this course, Kao emphasizes the development of operational skills and analysis through a variety of well-chosen examples.

The book offers: -- Excellent, balanced development of theory and applications-- Topical and organizational flexibility for the instructor-- Use of Matlab throughout to illustrate solution methods, plus a helpful Matlab tutorial at the end of the book