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Quick Facts

Medium Of Instructions	Mode Of Learning	Mode Of Delivery
English	Self Study	Video and Text Based

Course Overview

Developed by IIT Bombay, the Introduction to Stochastic Processes by Swayam is an AICTE-approved Faculty Development Programme. Students will gain the necessary skills to design models and assess the effects of any event. Based on Management studies, this elective course is open for students from all disciplines.

The Introduction to Stochastic Processes certification syllabus is spread across 12 weeks. During this, students will learn Poisson processes, Continuous and Discrete Markov Chains, variance, random variables, probability, and Bayes rule. Moreover, it is provided at a postgraduate level. Book references and video lectures are also provided to help students learn effectively.

Candidates can earn the Introduction to Stochastic Processes certification by paying a nominal certification fee and appearing for the end-term certification exam conducted by Swayam. Additionally, they must complete all the 12 assignments given throughout the course duration.

Moreover, several companies across sectors use Stochastic Processes in their operations. As such, they readily employ individuals certified through the Introduction to Stochastic Processes program.

The Highlights

Elective course by IIT Bombay
NPTEL course
E-certificate
12-weeks program
Final proctored examination
Postgraduate-level course
Management studies
Online training
Free learning
Assignments

Programme Offerings

12-week program
Final proctored exam
assignments
video lectures
Postgraduate-level training
online learning
E-certificate
Elective curriculum

Courses and Certificate Fees

Fees Informations	Certificate Availability	Certificate Providing Authority
INR 1000	yes	IIT Bombay

The Introduction to Stochastic Processes certification course is free for students to audit. But if they wish to receive the certificate, they must pay the Rs 1000 and appear for the proctored final test.

Introduction to Stochastic Processes fee structure

Course Options	Fee
Audit learning	Free
Verified learning	Rs 1,000

Eligibility Criteria

Candidates interested in the Introduction to Stochastic Processes program must know basic real analysis techniques.

Moreover, candidates must obtain an average assignment score >/= 10/25 and proctored test score >/= 30/75 to earn the e-certificate. Swayam uses candidates' 8 assignments with the best scores to calculate the average assignment marks.

What you will learn

Statistical skills

Students of the Introduction to Stochastic Processes training will become well-versed in:

Probability
Bayes rule
Random variables
Variance
Covariance
Independence
Random processes
Discrete and Continuous Markov chains
Renewal theories
Law of Large Numbers
Central Limit theorem

Who it is for

The Introduction to Stochastic Processes training is open for all students interested in studying stochastic processes, irrespective of their discipline.

Admission Details

Step 1. View the Introduction to Stochastic Processes online course webpage using the link: Introduction to Stochastic Processes - Course (nptel.ac.in).

Step 2. Use the ‘Sign-in/ Register’ option to apply for the course.

Step 3. Link your Microsoft/Google/Facebook account to log in with SWAYAM. You can also log in using your existing SWAYAM learning account or create a new account.

Step 4. You will receive an authentication code to your registered email ID in case of new registration. After that, you can commence the program.

Application Details

The Introduction to Stochastic Processes course by Swayam only necessitates candidates to register or log in to start the course. Students need to register using their email address, create a username and password of their choice.

The Syllabus

Evaluation process

To secure the Introduction to Stochastic Processes certification, candidates must successfully complete the course, submit all 12 assignments, and appear for the final proctored test. Registration for the examination is done through online forms available on the website at select times. Students will be allotted centers and timings. They must appear for the exams in-person at the said time.

In calculating the final score, 75% of the proctored test scores will be considered.

Instructors

IIT Bombay Frequently Asked Questions (FAQ's)

1: What details will the e-certificate carry?

The e-verifiable certificate will contain the candidate’s name, picture, final scores in the assignments and exam, along with NPTEL’s and IIT Bombay’s logos.

2: Are there any prerequisites for the course?

Students must know basic real analysis techniques before starting the Introduction to Stochastic Processes online course.

3: Must I visit the campus to learn from the program?

No, the course can be studied from home by accessing the video lectures online.

4: When will Swayam conduct the final exam?

Students need to stay updated with the course’s webpage to know more about the examination schedules, registration, and centers.

5: What are the time slots available for the proctored examination?

Candidates can opt either for a morning slot of 9 AM-12 PM or an afternoon slot of 2 PM-5 PM.