STOCHASTIC PROCESS

Pronunciation (US):

(GB):

 I. (noun) 

Sense 1

Meaning:

A statistical process involving a number of random variables depending on a variable parameter (which is usually time)

Classified under:

Nouns denoting natural processes

Hypernyms ("stochastic process" is a kind of...):

framework; model; theoretical account (a hypothetical description of a complex entity or process)

Hyponyms (each of the following is a kind of "stochastic process"):

Markoff process; Markov process (a simple stochastic process in which the distribution of future states depends only on the present state and not on how it arrived in the present state)

random walk (a stochastic process consisting of a sequence of changes each of whose characteristics (as magnitude or direction) is determined by chance)

stationary stochastic process (a stochastic process in which the distribution of the random variables is the same for any value of the variable parameter)

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