# stochastic variable

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**stochastic variable**— noun a variable quantity that is random • Syn: ↑random variable, ↑variate, ↑variant, ↑chance variable • Derivationally related forms: ↑vary (for: ↑variate) … Useful english dictionary**Stochastic Frontier Analysis**— is a method of economic modeling. It has its starting point in the stochastic production frontier models simultaneously introduced by Aigner, Lovell and Schmidt (1977) and Meeusen and Van den Broeck (1977).The production frontier model without… … Wikipedia**variable quantity**— noun a quantity that can assume any of a set of values • Syn: ↑variable • Hypernyms: ↑quantity • Hyponyms: ↑argument, ↑independent variable, ↑experimental variable, ↑ … Useful english dictionary**Stochastic**— (from the Greek Στόχος for aim or guess ) means random.A stochastic process is one whose behavior is non deterministic in that a state s next state is determined both by the process s predictable actions and by a random element. Stochastic crafts … Wikipedia**Stochastic volatility**— models are used in the field of quantitative finance to evaluate derivative securities, such as options. The name derives from the models treatment of the underlying security s volatility as a random process, governed by state variables such as… … Wikipedia**Stochastic approximation**— methods are a family of iterative stochastic optimization algorithms that attempt to find zeroes or extrema of functions which cannot be computed directly, but only estimated via noisy observations. The first, and prototypical, algorithms of this … Wikipedia**Stochastic ordering**— In statistics, a stochastic order quantifies the concept of one random variable being bigger than another. These are usually partial orders, so that one random variable A may be neither stochastically greater than, less than nor equal to another… … Wikipedia**Stochastic process**— A stochastic process, or sometimes random process, is the counterpart to a deterministic process (or deterministic system) in probability theory. Instead of dealing with only one possible reality of how the process might evolve under time (as is… … Wikipedia**Stochastic drift**— In probability theory, stochastic drift is the change of the average value of a stochastic (random) process. A related term is the drift rate which is the rate at which the average changes. This is in contrast to the random fluctuations about… … Wikipedia**Stochastic modelling (insurance)**— This page is concerned with the stochastic modelling as applied to the insurance industry. For other stochastic modelling applications, please see Monte Carlo method. For mathematical definition, please see Stochastic process.tochastic model… … Wikipedia