A stochastic event or system is one that is unpredictable because of a random variable. The word stochastic comes from the Greek στόχος (stokhos, "aim"). It occurs in various professional and academic fields.

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• A stochastic event or system is one that is unpredictable because of a random variable. The word stochastic comes from the Greek στόχος (stokhos, "aim"). It occurs in various professional and academic fields. Researchers use the term stochastic systems to describe the physical systems in which the values of parameters, measurements, expected input, and disturbances are uncertain. In probability theory, a purely stochastic system is one whose state is randomly determined, having a random probability distribution or pattern that may be analyzed statistically but may not be predicted precisely. In this regard, it can be classified as non-deterministic (i.e., "random") so that the subsequent state of the system is determined probabilistically. Any system or process that must be analyzed using probability theory is at least partly stochastic.Stochastic systems and processes play a fundamental role in mathematical models of phenomena in many fields of science, engineering, finance, and economics. (en)
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• 292222 (xsd:integer)
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http://purl.org/linguistics/gold/hypernym
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• A stochastic event or system is one that is unpredictable because of a random variable. The word stochastic comes from the Greek στόχος (stokhos, "aim"). It occurs in various professional and academic fields. (en)
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• Stochastic (en)
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