stochastic


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stochastic

 [sto-kas´tik]
pertaining to a random process; used particularly to refer to a time series of random variables.

stochastic

(stō-kas'tik),
Random.

stochastic

/sto·chas·tic/ (sto-kas´tik) pertaining to a random process, particularly a time series of random variables.

stochastic

adjective Referring to a random variable; involving chance or probability.

stochastic

adjective Referring to a random process; a process determined by a random distribution of probabilities; referring to a behavior not governed by known equations and initial conditions, thus unpredictable at any past or future time. See Chaos. Cf Deterministic.

sto·chas·tic

(stō-kas'tik)
1. Random.
2. radiation therapy Pertaining to the effects of radiation seen in the person exposed to such radiation. This does not have a dose threshold, given that as the dosage increases so does the severity of the reaction.
[G. stochos, target, guess]

stochastic

arrived at by skilful conjecturing; allowing the opportunity for variation.
References in periodicals archive ?
The stochastic settlement prices are derived from a distribution of pricing results.
Because of this, stochastic screening is beginning to catch on," added Don Sierzega, manager of Sun Chemical's web offset national lab.
In 1988, Roy and colleagues Bruce McNamara and Kurt Wiesenfeld revived interest in the topic by developing a theory to explain stochastic resonance and by reporting the first observation of the phenomenon in an optical device.
Part I introduces basic concepts in probability and stochastic processes, with coverage on counting, Poisson, renewal, and Markov processes
The new versions add further options: one uses Monte Carlo analysis to test financial plans under randomized mortality and investment experience, medical expense costs, long-term care requirements, and high inflation scenarios; the other combines Monte Carlo analysis with other stochastic modeling techniques to provide a faster computing model more suitable for internet use.
This proposed revision to statutory risk-based capital is a shift toward a principle-based model utilizing insurer-developed stochastic models.
Dealing with the nonlinear and stochastic behavior in analog circuits is a major challenge for designers because the analog circuits not only generate noise internally, but they are also extremely sensitive to noise generated by other circuits in an SoC.
30+ articles arranged in 7 sections address issues from making GARCH work to the future of stochastic volatility option pricing research
Our technical analysts are of the opinion that the stock will move to lower ground as predicted by the most current near-term stochastic numbers.
Best practice companies are turning to the next generation of stochastic modeling techniques to help respond to these concerns.
Likewise, the stock's prevailing pattern should shortly be turned around, based on a study of short-term oscillating stochastic figures.