Stochastic process
mathematical object usually defined as a collection of random variables
A Stochastic process is a mathematical description of random events that occur one after another.[1] It is possible to order these events according to the time at which they occur.
This can be used to model such things as daily weather data, or exchange rate changes, or medical information like a patient's EKG, EEG, blood pressure or temperature.[1]
References change
- ↑ 1.0 1.1 "Stochastic process". princeton.edu. 2014. Archived from the original on 4 October 2014. Retrieved 18 January 2015.
