This document proposes a framework for analyzing event processing applications using static analysis, dynamic analysis, and formal methods. Static analysis can discover dependencies between application components and dynamic analysis can trace events and component executions. Formal methods allow for advanced correctness checking by modeling the application as a state transition system and using model checking to verify properties. The goal is to provide techniques to help validate event processing applications and identify issues through exhaustive analysis. Future work includes exploring how formal methods can further contribute and developing quality metrics for monitoring applications.