1. A system or process involving random variables and probabilistic behavior, where future states depend on probability distributions rather than deterministic laws
Weather prediction models use stochastic systems to account for inherent uncertainty in atmospheric conditions.
Modelos de previsão meteorológica usam sistemas estocásticos para contabilizar a incerteza inerente às condições atmosféricas.
2. In mathematics and physics, a system whose behavior includes random elements and cannot be precisely predicted, only characterized probabilistically
A stochastic system in finance models random market fluctuations and price variations.
Um sistema estocástico em finanças modela flutuações aleatórias do mercado e variações de preços.