What is a Purely Random Process?

Somtochukwu

A purely random process is a discrete process consisting of a sequence of mutually independent and identically distributed random variables. It is a process whose mean is constant and whose variable is also constant. This stochastic process is clearly stationary.

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Somtochukwu

Visionary Leader and Development Economist in Nigeria. CEO at Bufiredd Economic Consults Ltd
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