Categories: Ahrq

Stochastic

Etym. (adj.) 1660s, “pertaining to conjecture,” from Greek stokhastikos “able to guess, conjecturing,” from stokhos “a guess, aim, target, mark,” literally “pointed stick set up for archers to shoot at;” the sense of “randomly determined” is from 1934, from German stochastik (1917).

Definition

Pertaining to a process, model, or variable whose outcome, result, or value depends on chance (Department of Defense Modeling and Simulation Glossary).

Contrast with: DETERMINISTIC

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