Stochastis
Stochastics is a branch of mathematics that deals with random phenomena. It is concerned with the study of probabilities and their applications, particularly in areas where outcomes are uncertain. The word "stochastic" itself comes from the Greek word stokhos, meaning "aim" or "guess."
Key concepts in stochastics include probability theory, which provides the mathematical framework for understanding randomness. This
The field has wide-ranging applications across many disciplines. In finance, stochastics is used to model stock