stochastic - meaning and definition. What is stochastic
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What (who) is stochastic - definition

BRANCH OF MATHEMATICS
Stochastical; Stochastics; Stochastic music; Astochastic; Stochiastic; Stohastic; Stochastically; Stochasticism; Stochasticity; Schotastic; Schostatic; Stochastic algorithm

Stochastic         
·adj Conjectural; able to conjecture.
stochastic         
[st?'kast?k]
¦ adjective technical having a random probability distribution or pattern that can be analysed statistically but not predicted precisely.
Derivatives
stochastically adverb
Origin
C17: from Gk stokhastikos, from stokhazesthai 'aim at, guess', from stokhos 'aim'.
stochastic         

Wikipedia

Stochastic

Stochastic (, from Greek στόχος (stókhos) 'aim, guess') refers to the property of being well described by a random probability distribution. Although stochasticity and randomness are distinct in that the former refers to a modeling approach and the latter refers to phenomena themselves, these two terms are often used synonymously. Furthermore, in probability theory, the formal concept of a stochastic process is also referred to as a random process.

Stochasticity is used in many different fields, including the natural sciences such as biology, chemistry, ecology, neuroscience, and physics, as well as technology and engineering fields such as image processing, signal processing, information theory, computer science, cryptography, and telecommunications. It is also used in finance, due to seemingly random changes in financial markets as well as in medicine, linguistics, music, media, colour theory, botany, manufacturing, and geomorphology.

Examples of use of stochastic
1. Relish this language: "We estimate labour and total factor productivity equations based on a stochastic frontier function framework, focusing in particular on the impact of technology on productivity." Think about it.