Residual time

In the theory of renewal processes, a part of the mathematical theory of probability, the residual time or the forward recurrence time is the time between any given time and the next epoch of the renewal process under consideration. The residual time is very important in most of the practical applications of renewal processes:

Residual time

In the theory of renewal processes, a part of the mathematical theory of probability, the residual time or the forward recurrence time is the time between any given time and the next epoch of the renewal process under consideration. The residual time is very important in most of the practical applications of renewal processes: