Meaning of the word stochastic in English
What does stochastic mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
stochastic
US /stəˈkæs.tɪk/
UK /stəˈkæs.tɪk/
Adjective
randomly determined; having a random probability distribution or pattern that may be analyzed statistically but may not be predicted precisely.
Example:
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The weather patterns are often described as stochastic processes.
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In finance, stock prices are often modeled as stochastic variables.