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stochastic

Stochastic describes something that was randomly determined

Stochastic processes

A stochastic or random process is a collection of random variables that is indexed by some mathematical set (the index set).
Thus, each random variable of the stochastic process is uniquely associated with an element in the set.
A sample function (aka realization) is one outcome that the process generated.
Techniques used:

See also

Monte-Carlo Methods
stochastic programming

Index