stochastic process

English - Turkish

Definition of stochastic process in English Turkish dictionary

(Ticaret) stokastik süreç

English - English

Definition of stochastic process in English English dictionary

a function of random variables

series of random events in which it is possible to evaluate the probability of their results

In probability theory, a family of random variables indexed to some other set and having the property that for each finite subset of the index set, the collection of random variables indexed to it has a joint probability distribution. It is one of the most widely studied subjects in probability. Examples include Markov processes (in which the present value of the variable depends only upon the immediate past and not upon the whole sequence of past events), such as stock-market fluctuations, and time series (in which temperature or rainfall measurements, for example, are taken at the same time each day over several days)

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

Related Terms

stationary stochastic process

a stochastic process in which the distribution of the random variables is the same for any value of the variable parameter

Hyphenation

sto·chas·tic proc·ess