What is Stochastic process?
[[File:Brownsche_Bruecken.png|thumb|300px|A [[Brownian bridge]], a stochastic process.]] A '''Stochastic process''' is a [[mathematical]] description of [[random]] events that occur one after another.<ref name=prince>{{cite web |url=https://www.princeton.edu/~achaney/tmve/wiki100k/docs/Stochastic_process.html |title=Stochastic process |first= |last= |work=princeton.edu |year=2014 |accessdate=18 January 2015 |archive-date=4 October 2014 |archive-url=https://web.archive.org/web/20141004002732/https://www.princeton.edu/~achaney/tmve/wiki100k/docs/Stochastic_process.html |url-status=dead }}</ref> It is possible to order these events according to the time at which they occur. This can be used to model such things as daily weather data, or exchange rate changes, or medical information like a patient's [[electrocardiogram|EKG]], [[EEG]], [[blood pressure]] or temperature.<ref name=prince/> Stochastic processes used in various disciplines, including [[physics]], biology, finance, [[Telecommunication|telecommunications]], and operations research. They provide a powerful framework for analyzing and predicting the behavior of systems under uncertain conditions. ==References== {{reflist}} {{Stochastic processes}} {{math-stub}} [[Category:Statistics]]