STOCHASTIC PROCESS
(noun)Definitions
There is 1 meaning of the phrase
Stochastic Process.
Stochastic Process - as a noun
A statistical process involving a number of random variables depending on a variable parameter (which is usually time)
Hypernyms (Closely Related)
frameworkmodeltheoretical accountHyponyms (Broadly Related)
Example Sentences
"A stock market is an example of a stochastic process."
"The behavior of radioactive decay follows a stochastic process."
"The stochastic process approach is commonly used in financial modeling."
"In a stochastic process model, the future outcome is uncertain."
"The stock market can be modeled as a stochastic process."
