* Stochastic* (from the Greek

*στόχος*for

*aim*or

*guess*) is an adjective that refers to systems whose behavior is intrinsically non-deterministic, sporadic, and categorically

*not*intermittent (i.e. random). A

**stochastic process**is one whose behavior is non-deterministic, in that a system's subsequent state is determined both by the process's predictable actions and by a random element. However, according to M. Kac and E. Nelson, any kind of time development (be it deterministic or essentially probabilistic) which is analyzable in terms of probability deserves the name of stochastic process.

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### Other articles related to "stochastic":

**Stochastic**Ordering -

**Stochastic**Dominance

...

**Stochastic**dominance is a

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**stochastic**dominance are defined ... Zeroth order

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... in a finance context, the state variable in the

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... boundary value problems can be solved using the methods of

**stochastic**analysis ... value problem can be solved using an Itō process that solves an associated

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**Stochastic**Grammar

... A

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**Stochastic**context-free grammar ...

**Stochastic**- Business - Finance

... The financial markets use

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