Abstract

It constitutes a particularly valuable adoption that the family of infinitely divisible distributions is frequently employed as a very suitable choice for investigating theoretical and practical properties of structural probabilistic concepts. In particular, this family is valuable in construction and study of mathematical expressions, or equivalently stochastic models, with extensive practical applicability. The present paper focuses on the development and investigation of a stochastic model by making use of the extremely useful concept of infinitely divisibility. In addition, the paper offers an application of the introduced mathematical expressions in making realistic decisions in the extremely important area of various information processes.

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