stochastic Definition
- 1randomly determined; involving a random variable
- 2relating to or denoting a process involving a randomly determined sequence of events
Using stochastic: Examples
Take a moment to familiarize yourself with how "stochastic" can be used in various situations through the following examples!
Example
The stock market is a stochastic system.
Example
Stochastic models are used in many fields, including physics and finance.
Example
The weather is a stochastic process that is difficult to predict.
Example
The outcome of the experiment was determined by a stochastic process.
stochastic Synonyms and Antonyms
Synonyms for stochastic
Antonyms for stochastic
Phrases with stochastic
a branch of mathematics that deals with processes containing a randomly varying parameter
Example
Stochastic calculus is used in finance to model the behavior of stock prices.
a collection of random variables representing the evolution of some system of random values over time
Example
Stochastic processes are used to model phenomena such as the spread of diseases and the movement of particles.
a phenomenon in which the response of a nonlinear system to a weak input signal is optimized by the presence of random noise
Example
Stochastic resonance has been observed in a variety of physical and biological systems.
Origins of stochastic
from Greek 'stokhastikos', meaning 'able to guess'
Summary: stochastic in Brief
The term 'stochastic' [stəˈkæstɪk] refers to a process or event that is randomly determined, often involving a random variable. It is used in many fields, including finance and physics, and can describe phenomena such as the weather or the stock market. 'Stochastic' extends into phrases like 'stochastic calculus,' which deals with processes containing a randomly varying parameter, and 'stochastic process,' which represents the evolution of some system of random values over time.
