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Stochastic process is also known as a random process. It is a collection of random variables that represent the evolution of some system of random values over time.
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What is the difference between stochastic and random?
Wikipedia states that stochastic means random. But there are differences depending on the context. Stochastic is used as an adjective, as in stochastic process, stochastic model, or stochastic simulation, with the meaning that phenomena as analyzed has an element of uncertainty or chance (random element). If a system is not stochastic, it is deterministic. I may consider a phenomena is a random process and analyze it using a stochastic simulation model. When we generate numbers using a probability distribution, these are called random numbers, or pseudo random numbers. They can also be called random deviates. See related links.
What is stochastic testing?
Stochastic testing is the same as "monkey testing", but stochastic testing is a lot more technical sounding name for the same testing process. Stochastic testing is black box testing, random testing, performed by automated testing tools. Stochastic testing is a series of random tests over time. The software under test typically passes the individual tests, but our goal is to see if it can pass a large number of individual tests.
What is the difference between Monte Carlo and stochastic methods of simulation?
monte carlo simulation is used to give solutions of deterministic problems whereas stochastic simulation is used for stochastic problems.
How would you explain to an idiot what 'Stochastic Processes' are?
Buying a lottery ticket daily is deterministic. Winning a lottery and getting a prize is Stochastic.
What is stochastic simulation?
the output will be different everyime
Is time series a stochastic process?
no, it is a random process
What is the definition of the stochastic process?
The definition to the term "Stochastic Process" is: A statistical process involving a number of random variables depending on a number variable. Which in most cases, is time.
What is stochastic calculus?
The mathematical theory of stochastic integrals, i.e. integrals where the integrator function is over the path of a stochastic, or random, process. Brownian motion is the classical example of a stochastic process. It is widely used to model the prices of financial assets and is at the basis of Black and Scholes' theory of option pricing.
What is the difference between stochastic and random?
Wikipedia states that stochastic means random. But there are differences depending on the context. Stochastic is used as an adjective, as in stochastic process, stochastic model, or stochastic simulation, with the meaning that phenomena as analyzed has an element of uncertainty or chance (random element). If a system is not stochastic, it is deterministic. I may consider a phenomena is a random process and analyze it using a stochastic simulation model. When we generate numbers using a probability distribution, these are called random numbers, or pseudo random numbers. They can also be called random deviates. See related links.
What is stochastic testing?
Stochastic testing is the same as "monkey testing", but stochastic testing is a lot more technical sounding name for the same testing process. Stochastic testing is black box testing, random testing, performed by automated testing tools. Stochastic testing is a series of random tests over time. The software under test typically passes the individual tests, but our goal is to see if it can pass a large number of individual tests.
What has the author A K Basu written?
A. K. Basu has written: 'Introduction to Stochastic Process' 'Marketing Research'
What has the author Tapio Westerlund written?
Tapio Westerlund has written: 'Application of stochastic control theory to the dry cement manufacturing process' -- subject(s): Cement industries, Production control, Stochastic control theory
When was Stochastic Models created?
Stochastic Models was created in 1985.
What has the author G Adomian written?
G. Adomian has written: 'Stochastic systems' -- subject(s): Stochastic differential equations, Stochastic systems
What does it mean when a person uses the term stopped process in mathematics?
When a person uses the term stopped process in Mathematics it means that a person is using a stochastic process or assuming the value of time after it was prescribed or given.
What has the author C W Gardiner written?
C. W. Gardiner has written: 'Handbook of Stochastic Methods' 'Stochastic methods' -- subject(s): Stochastic processes 'Quantum noise' -- subject(s): Stochastic processes, Quantum optics, Josephson junctions
What has the author Quan-Lin Li written?
Quan-Lin Li has written: 'Constructive computation in stochastic models with applications' -- subject(s): Stochastic processes, Stochastic models
