stochastic process

Definitions of stochastic process
1

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

Types:
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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
Markoff chain, Markov chain
a Markov process for which the parameter is discrete time values
Type of:
framework, model, theoretical account
a hypothetical description of a complex entity or process

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