Birth-death processes are types of stochastic processes that model the dynamics of populations where individuals can be added (births) or removed (deaths) over time. These processes are characterized by their states representing population sizes, with transitions occurring based on specific birth and death rates. Understanding these processes helps analyze various scenarios, like queuing systems and biological populations, particularly in the context of Markov chains and their transition probabilities.
congrats on reading the definition of birth-death processes. now let's actually learn it.