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|
|Editors||F. Ruggeri, R.S. Kenett, F.W. Faltin|
|Place of Publication||New York|
|Number of pages||6|
|Publication status||Published - 2007|