Stochastic models have become indispensable tools for understanding growth dynamics in complex systems. By incorporating randomness and uncertainty into the modelling framework, these methods provide ...

We hear it every day: That one of the biggest issues for multichannel retailers is customer attrition. But saying it is easy. It’s a little harder to come up with a solution. One obstacle to ...

Abstract: In water resources planning and management, stochastic modeling and simulation of hydrologic time series has been widely used for various purposes including decision making and project ...

There is hardly any literature on modelling nonlinear dynamic relations involving nonnormal time series data. This is a serious lacuna because nonnormal data are far more abundant than normal ones, ...