Countable in mathematical and statistical usage.
Definitions
A stochastic variable or stochastic process; a quantity whose behavior is random or probabilistic. In econometrics, the analyst treats the exchange rate as a stochastic to account for uncertainty.
The branch of mathematics or statistics that studies stochastic processes; stochastic analysis. She specialized in stochastics during her graduate studies.
The branch of mathematics concerned with stochastic processes and the analysis of random phenomena; stochastics. She is completing a PhD in stochastic, focusing on applications of stochastics to finance.
Synonyms
chance phenomenon
probabilistic variable
chance variable
stochastic process
random process
random quantity
random element
stochastic variable
random variable