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Stochastically

Stochastically is an adverb describing an action or process that involves randomness or is governed by a stochastic process. In mathematics, probability theory and statistics, a stochastic process is a family of random variables indexed by time or another parameter. Saying something happens stochastically means its behavior is described by probability distributions rather than a fixed deterministic rule.

This contrasts with deterministic descriptions, where given the same initial conditions the outcome is fixed. In

Methods and contexts: Stochastic processes are studied via Markov chains, stochastic differential equations, and stochastic calculus.

practice,
many
natural
and
engineered
systems
are
modeled
stochastically
because
randomness
is
inherent
or
because
uncertainty
is
treated
explicitly.
Examples
include
particle
diffusion
described
by
Brownian
motion,
stock
prices
modeled
by
geometric
Brownian
motion,
and
population
dynamics
with
random
birth
and
death
events.
Statements
like
"the
system
evolves
stochastically"
typically
imply
that
predictions
are
probabilistic,
expressed
through
expected
values,
variances,
and
distributional
properties.
Computational
approaches
often
rely
on
Monte
Carlo
simulation,
sampling
trajectories
stochastically
to
estimate
quantities
of
interest.
In
statistics,
inference
may
be
carried
out
on
stochastically
generated
data,
and
in
computer
science,
randomized
algorithms
operate
stochastically.
The
term
is
widely
used
across
physics,
finance,
biology,
and
engineering.