stochastic process

Noun

Meaning

stochastic process (plural stochastic processes)

(mathematics, probability theory) A function that maps elements of an index set to elements of a collection of random variables; historically, a collection of random variables indexed by a set of numbers usually regarded as points in time.

Source: en.wiktionary.org

Synonyms

probabilistic process probability process random process

Hypernyms

model framework

Hyponyms

Markov process Markoff process

Examples

A stochastic process is about the results of convolving probabilities-which is just what management is about, as well. Anthony Stafford Beer

Close letter words and terms

stochastic matrix stochastic optimization stochastic parrot stochastic realisation stochastic realization stochastic terror