11.2 Categorization of Stochastic Processes o Discrete time: discrete variable Discrete time continuous variable Continuous time discrete variable Continuous time continuous variable Options, Futures, and Other Derivatives, 5th edition C 2002 by John C Hull11.2 Options, Futures, and Other Derivatives, 5th edition © 2002 by John C. Hull Categorization of Stochastic Processes • Discrete time; discrete variable • Discrete time; continuous variable • Continuous time; discrete variable • Continuous time; continuous variable