Definitions

1. adjective

relating to or characterized by a random or probabilistic process, especially one governed by chance or probability theory.

“The company used stochastic modeling to predict the market’s reaction to a new policy.”

2. noun

a process, system, or phenomenon governed by chance or probability theory.

“The researcher studied a stochastic process to understand how a population grows over time.”

3. noun

a type of algorithm or model that uses random or probabilistic methods to solve a problem or make predictions.

“The machine learning model used a stochastic gradient descent algorithm to optimize its performance.”