Realization of Stochastic Process/Examples/Batch Process

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Example of Realization of Stochastic Process

Consider a manufacturing plant which outputs a product at some variable rate.

Let the output generate a discrete time series $T$, obtained by accumulation.

The measurement of the volume of the output at the timestamps $T$ are the realizations of the underlying stochastic process governing that output.


Sources

Part $\text {I}$: Stochastic Models and their Forecasting:
$2$: Autocorrelation Function and Spectrum of Stationary Processes:
$2.1$ Autocorrelation Properties of Stationary Models:
$2.1.1$ Time Series and Stochastic Processes: Stochastic Process