Stochastic

Stochastic Stochastic (from the Greek στόχος for aim or guess) means random. A stochastic process is one whose behavior is non-deterministic, in that a system's subsequent state is determined both by the process's predictable actions and by a random element. However, according to M. Kac[1] and E. Nelson[2], any kind of time development (be it deterministic or essentially probabilistic) which is analyzable in terms of probability deserves the name of stochastic

Friday, February 4, 2011

This should seem self evident.

Posted by lesburn1 at 7:46 PM No comments:
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