Continuous models. Continuous time stochastic processes: Poisson process, Markov chains, Renewal process, Brownian motion, including simulation of these processes. Applications to Black-Scholes model, insurance and ruin problems and related topics.
4
UnitsOptional
Grading1, 2
PasstimeNone
Level LimitLetters and science
CollegeWas not a big fan of his lectures, but he posts all notes online for you to utilize. Material is tough but he is very responsive to emails and questions. Exams were doable with enough studying and hw helped for exams. drops two lowest hw and had an overall curve at end of quarter.
Zimu Zhu is one of the best professors I've ever had at UCSB. PSTAT 160B is a challenging class but Zhu tries his best to help with any questions or concerns you have in the class. His exams can be challenging but as long as you read the lecture notes or understand the homework you were assigned, the exams should be doable. Responsive to emails.
By far my favorite Stats professor. Took him for 120A, 160A, and 170. Got at least a B in every single one. Posts all lecture notes online, so you don't have to show up (worked very well with my busy schedule). Tests take up around 60% of the grade but they're very similar to the reviews he posts, and he almost always curves the class average.
All notes are online, midterm and finals are similar to practice midterm and finals.
Zimu is a great professor. The tests were reasonable, plus he provided practice exams for us to study from. His lecture notes are straightforward and are always related to the homework assignments and exams. He is also quick to respond to emails. Not much more I can ask for from a professor.
I have to admit he is super nice, and his lecture slides are, often times, clear and serve as great study materials.