Question

Define a Stochastic process.

Answer 1

Answer:

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

framework, model, theoretical account - a hypothetical description of a complex entity or process; "the computer program was based on a model of the circulatory and respiratory systems"

Markoff process, Markov process - a simple stochastic process in which the distribution of future states depends only on the present state and not on how it arrived in the present state

random walk - a stochastic process consisting of a sequence of changes each of whose characteristics (as magnitude or direction) is determined by chance

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

Answer 2

Answer:

In probability theory and related fields, a stochastic or random process is a mathematical object usually defined as a collection of random variables.