Regenerative Process
Stochastic Process Notes, from Lecture 10
1. Definition
A stochastic process
is a regenerative process if
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- Process stochastically starts over at even time
- Times between events
are i.i.d
2. Regenerative Process v.s. Renewal Process
- A renewal process
counts (increasing over time) and has property 2 shown above.
- A regenerative process
keeps track of something else and starts over.