STOCHASTIC VARIABLE

(noun)

There is 1 meaning of the phrase Stochastic Variable.

Definitions

Synonyms (Exact Relations)

"In statistics, a stochastic variable is a random variable that has an uncertain outcome."

"The stock market is often modeled using stochastic variables."

"In finance, the price of an asset can be considered a stochastic variable."

"The outcome of a dice roll can be represented as a stochastic variable."

"Weather forecasting involves analyzing numerous stochastic variables."