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Stochastic is synonymous with "random." The word is of Greek origin and means "pertaining to chance" (Parzen 1962,
p. 7). It is used to indicate that a particular subject is seen from point of
view of randomness. Stochastic is often used as counterpart of the word "deterministic," which means
that random phenomena are not involved. Therefore, stochastic models are based on
random trials, while deterministic models always produce the same output for a given
starting condition.
This entry contributed by Vincenzo Origlio
Doob, J. L. Stochastic Processes. New York: Wiley, p. 46, 1953.
Gnedenko, B. V. and Khinchin, A. Ya. An Elementary Introduction to the Theory of Probability.
New York: Dover, pp. 60 and 121, 1962.
Lawler, G. F. Introduction to Stochastic Processes. Boca Raton, FL: Chapman
& Hall/CRC, p. 1, 1995.
Neelamkavil, F. Computer Simulation and Modelling. New York: Wiley, p. 4,
1987.
Parzen, E. Stochastic Processes. Oakland CA: Holden Day, p. 7,
1962.
Wolfram, S. A New Kind of Science. Champaign, IL: Wolfram Media, pp. 588
and 968,
2002.
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