STOCHASTIC VARIABLE
(noun)Did you mean?
Definitions
There is 1 meaning of the phrase
Stochastic Variable.
Stochastic Variable - as a noun
A variable quantity that is random
Synonyms (Exact Relations)
chance variablerandom variablevariantvariateExample Sentences
"In statistics, a stochastic variable is a random variable that has an uncertain outcome."
"The stock market is often modeled using stochastic variables."
"In finance, the price of an asset can be considered a stochastic variable."
"The outcome of a dice roll can be represented as a stochastic variable."
"Weather forecasting involves analyzing numerous stochastic variables."
