Stochastic process definitions

Stochastic process

In probability theory, a stochastic (k) process, or sometimes random process (widely used) is a collection of random variables, representing the evolution of some system of random values over time. This is the probabilistic counterpart to a deterministic process (or deterministic system). Instead of describing a process which can only evolve in on...
Found on http://en.wikipedia.org/wiki/Stochastic_process

stochastic process

in probability theory, a process involving the operation of chance. For example, in radioactive decay every atom is subject to a fixed probability of ... [6 related articles]
Found on http://www.britannica.com/eb/a-z/s/164

stochastic process

A dynamical system with random fluctuations at each iteration or influenced by random noise. A random variable which, at each stage in time, depends on its previous values and on further random choices. For example, the price of a stock is often modeled as a stochastic process.
Found on http://www.daviddarling.info/encyclopedia/S/stochastic_process.html

stochastic process

A stochastic process is an ordered collection of random variables. The term is synonymous with random process. Discrete ones are indexed, often by the subscript t for time, e.g., y_t, y_t+1, although such a process could be spatial instead of temporal. Continuous ones can be described as continuous functi...
Found on http://www.econterms.com/glossary.cgi?query=stochastic+process