Poisson Process: A method that helps to count independent, random events over a specified time interval
- Poisson Distribution: A distribution that counts the number of times the event occurs over a specified time interval
Requirement: \(\lambda\) | The average number of events within a certain time interval
Assumption: Events are discrete, do not overlap, and each event is independent
Application: The Poisson Process can help us model and estimate bus arrival times given the estimated frequency. It’s minimal requirements pose a resource-efficient method of modelling station frequencies