Stochastic (noun) Definition, Meaning & Examples

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adjective Statistics.
  1. of or relating to a process involving a randomly determined sequence of observations each of which is considered as a sample of one element from a probability distribution.
adjective
  1. statistics
    • (of a random variable) having a probability distribution, usually with finite variance
    • (of a process) involving a random variable the successive values of which are not independent
    • (of a matrix) square with non-negative elements that add to unity in each row
  2. involving conjecture
    Stochastic (noun) Definition, Meaning & Examples

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