stochastic process
Definitions
A mathematical object defined as a collection of random variables representing the evolution of some system over time.
A process involving a random variable or sequence of random variables whose values are determined by probabilistic laws.
Examples
The movement of stock prices in the financial market is often modeled as a stochastic process.
In physics, Brownian motion serves as a classic example of a continuous-time stochastic process.
Synonyms
random process probabilistic process random function stochastic system
Antonyms
deterministic process fixed sequence predictable system non-random process