stohastilised
Stohastilised is an Estonian adjective used to describe systems, models or processes that involve randomness or probabilistic variation. In contrast to deterministic models, stohastilised approaches incorporate probability distributions and random fluctuations, reflecting uncertainty in inputs, evolution, or measurement. The term is common in mathematics, statistics and the applied sciences when uncertainty cannot be ignored.
A central concept is the stochastic process, a family of random variables indexed by time or another
Stohastilised modelling is widely used across many fields. In finance, it underpins asset-price modelling and risk
Analytical and numerical methods for stohastilised models include solving stochastic differential equations, time-series analysis, Monte Carlo