stochastic process

Definitions of stochastic process

1. noun

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

   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

   Markoff chain, Markov chain

   a Markov process for which the parameter is discrete time values

   type of:

   framework, model, theoretical account

   a hypothetical description of a complex entity or process