stochastic
/stəˈkæstɪk/
Meanings
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adjective
Relating to the probability of events, especially those involving chance.
- "The stock market is a stochastic system."
- "The weather is a stochastic process."
- "The economist used stochastic modeling to predict future trends."
Pronunciation
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/stəˈkæstɪk/
Source: "https://commons.wikimedia.org/w/index.php?curid=75858422" -
/stəˈkæstɪk/
Source: "https://commons.wikimedia.org/w/index.php?curid=1268399"
Variants
List of all variants of stochastic that leads to same resultstochastic , stochastically
Etymology
origin and the way in which meanings have changed throughout history.Stochastic comes from the Greek word 'stokhastikos', meaning 'able to guess'. It was originally used in the context of ancient Greek astrology and later adopted by mathematicians and scientists to describe systems with random elements.
Trivia
Any details, considerations, events or pieces of information regarding the word-
Did you know that the first known use of the term 'stochastic' in a mathematical context was by the Russian mathematician Andrey Markov in 1907?
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Stochastic processes are used in many everyday applications, such as predicting traffic flow, modeling the behavior of financial markets, and analyzing the performance of communication networks.
Related Concepts
informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to-
Probability theory: Stochastic is closely related to probability theory, which deals with the study of random phenomena and the mathematical analysis of probability distributions.
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Random processes: Stochastic processes are a type of random process, which describe systems that evolve over time in a probabilistic way.
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Markov processes: Markov processes are a type of stochastic process, which have the property that the future state depends only on the current state and not on the sequence of events that preceded it.
Culture
Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.Stochastic has been widely used in various fields, including mathematics, physics, engineering, and finance. It is particularly important in the study of complex systems, where the behavior of the system cannot be predicted with certainty.
How to Memorize "stochastic"
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visualize
- Imagine a deck of cards. Each card represents an event with a certain probability. The outcome of the next event depends on the probability of that event, which is a stochastic property.
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associate
- Associate the word 'stochastic' with the concept of randomness and probability.
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mnemonics
- Remember the Greek origin of the word: 'stokhastikos' means 'able to guess'.
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