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(Because of the involved models, and in order to be mathematically tractable, these processes are generally confined to the class of regenerative stochastic processes with a finite state space, to which belong: renewal processes, Markov processes, semi-Markov processes, and more general regenerative processes with only one (or a few) regeneration staters).
When you click on links to various merchants on this site and make a purchase, this can result in this site earning a commission. Affiliate programs and affiliations include, but are not limited to, the eBay Partner Network.