☆ (theidolhands) wrote in 1word1day,

theidolhands
1word1day

Tuesday Word: Stochastic

sto·chas·tic [stoʊˈkæstɪk]:
origin: [1660] Greek; stokhos= aim, stokhastikos= able to guess; conjecturing. [1917] German; stochastik= randomly determined.



adjective (adverb: stochastically)
1. A choice made using a random variable, such as a program selecting one comment as a winner from a selection of thousands.

2. Any situation involving chance; statistics.

---

A "stochastic process" refers to an evolving (or changing) statistic based on a random variable that also is randomly selected; therefore time becomes the key factor in this process and how the results alter over a period of time. Example: The stock market or gauging how best to manage long lines in order to serve customers.
Tags: adjective, adverb, german, greek, mathematical, s, wordsmith: theidolhands
Subscribe

  • Sunday Word: Interlocutor

    interlocutor[in-ter- lok-y uh-ter] noun: 1 one who takes part in dialogue or conversation 2 the performer in a minstrel show who is placed…

  • Wednesday Word: Déraciné

    Déraciné - noun or adjective. You may know déraciné as the title of a video game, but this French word can also be used as an adjective or noun.…

  • Wednesday Word: Prothalamion

    I'm running behind this week, so I'll just share this neat word that's also a few day's late for Valentine's :-) prothalamion •…

  • Post a new comment

    Error

    Comments allowed for members only

    Anonymous comments are disabled in this journal

    default userpic

    Your reply will be screened

    Your IP address will be recorded 

  • 0 comments