Stationary Process

In mathematics, a stationary process (or strict(ly) stationary process or strong(ly) stationary process) is a stochastic process whose joint probability distribution does not change when shifted in time or space. Consequently, parameters such as the mean and variance, if they exist, also do not change over time or position.

Stationarity is used as a tool in time series analysis, where the raw data are often transformed to become stationary; for example, economic data are often seasonal and/or dependent on a non-stationary price level. An important type of non-stationary process that does not include a trend-like behavior is the cyclostationary process.

Note that a "stationary process" is not the same thing as a "process with a stationary distribution". Indeed there are further possibilities for confusion with the use of "stationary" in the context of stochastic processes; for example a "time-homogeneous" Markov chain is sometimes said to have "stationary transition probabilities". On the other hand, all stationary Markov random processes are time-homogeneous.

Read more about Stationary Process:  Definition, Examples

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