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A stochastic (/stoʊˈkæstɪk/) process is a random process evolving with time. More specifically, in probability theory, a stochastic process is a time sequence representing the evolution of some system represented by a variable whose change is subject to a random variation. This is the probabilistic counterpart to a deterministic process (or deterministic system). Instead of describing a process which can only evolve in one way (as in the case, for example, of solutions of an ordinary differential equation), in a stochastic, or random process, there is some indeterminacy: even if the initial condition (or starting point) is known, there are several (often infinitely many) directions in which the process may evolve. In many stochastic processes, the movement to the next state or position dep

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• Stochastic process
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• A stochastic (/stoʊˈkæstɪk/) process is a random process evolving with time. More specifically, in probability theory, a stochastic process is a time sequence representing the evolution of some system represented by a variable whose change is subject to a random variation. This is the probabilistic counterpart to a deterministic process (or deterministic system). Instead of describing a process which can only evolve in one way (as in the case, for example, of solutions of an ordinary differential equation), in a stochastic, or random process, there is some indeterminacy: even if the initial condition (or starting point) is known, there are several (often infinitely many) directions in which the process may evolve. In many stochastic processes, the movement to the next state or position dep
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