stochastic


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stochastic

[stō′kas·tik]
(mathematics)
Pertaining to random variables.

stochastic

stochastic

By guesswork; by chance; using or containing random values.
References in periodicals archive ?
Stochastic pricing, on the other hand, uses Monte Carlo techniques to repeatedly simulate insured lifetimes from which a distribution of policy outcomes is created.
According to Flint Ink, stochastic screening sparked a lot of interest when it was first introduced.
In a stochastic model, you follow the individual cells and work with the probability of a cancer occurring," Portier explains.
The concept of stochastic resonance emerged in 1981, when a group of Italian researchers proposed the idea to explain why ice ages seem to occur every 100,000 years or so.
Deterministic Versus Stochastic Modelling in Biochemistry and Systems Biology introduces and critically reviews the deterministic and stochastic foundations of biochemical kinetics, covering applied stochastic process theory for application in the field of modelling and simulation of biological processes at the molecular scale.
Combining techniques from stochastic processes and graph theory to analyze the behavior of networks, Fundamentals of Stochastic Networks provides an interdisciplinary approach by including practical applications of these stochastic networks in various fields of study, from engineering and operations management to communications and the physical sciences.
Topics include stochastic partial differential equations in general theory and applications, finite- and infinite-dimensional diffusion processes, stochastic calculus, interacting particles at the theoretical level, and stochastic control.
They use stochastic techniques for certain elements of the analysis, such as investment performance and mortality, but they don't take into account other kinds of risks or variations in life, such as future income tax laws or having a child or grandchild move back home as a dependent," noted Still River President, Chuck Yanikoski.
AIR's physical-stochastic approach combines NWP and stochastic techniques in a new way," said Dr.
AIR is the first to apply this technique to develop a stochastic catalog of potential storms that insurers can use to estimate winter storm losses.
CHICAGO -- Fitch Ratings has developed a stochastic model to analyze capital requirements for U.
The company's technology, based on research conducted by the founders at the University of California at Berkeley and the University of Illinois, is uniquely able to characterize the nonlinear, stochastic, time-varying behavior of complex analog and RF circuits.