In this article, a stochastic housing model of a city having various grades of houses and a random number of new constructions at each discrete time-interval is developed. Using the multi-type Galton-Watson process, a method for computing the means and variances of the number of houses in...

Regression models play a dominant role in analyzing several data sets arising from areas like agricultural experiment, space experiment, biological experiment, financial modeling, etc. One of the major strings in developing the regression models is the assumption of the distribution of the error...