Stochastic Variable

“However certain we are of our simulations, they always contain an element of unpredictability.” —Lakshmi-2

Definition/Summary:

Probability theory

  • Stochastic process, or often random process, is a collection of random variables representing the evolution of some system of random values over time
  • This is the probabilistic counterpart to a deterministic process (or deterministic system)

Expanded info:

Add/Misc: