The Poisson process is a stochastic counting process that arises naturally in a large variety of daily life situations. We present a few definitions of the Poisson process and discuss several properties as well as relations to some well-known probability distributions. We further briefly discuss the compound Poisson process.
|Title of host publication
|Encyclopedia of Statistics in Quality and Reliability
|F. Ruggeri, R.S. Kenett, F.W. Faltin
|Place of Publication
|Number of pages
|Published - 2007