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Concept information

Preferred term

stochastic process  

Definition(s)

  • In probability theory and related fields, a stochastic or random process is a mathematical object usually defined as a family of random variables. Stochastic processes are widely used as mathematical models of systems and phenomena that appear to vary in a random manner. Examples include the growth of a bacterial population, an electrical current fluctuating due to thermal noise, or the movement of a gas molecule. Stochastic processes have applications in many disciplines such as biology, chemistry, ecology, neuroscience, physics, image processing, signal processing, control theory, information theory, computer science, cryptography and telecommunications. Furthermore, seemingly random changes in financial markets have motivated the extensive use of stochastic processes in finance. (Wikipedia, The Free Encyclopedia, https://en.wikipedia.org/wiki/Stochastic_process)

Synonym(s)

  • random process
  • stochastic system

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http://data.loterre.fr/ark:/67375/MDL-RR85CG1F-3

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