stohastinen
Stohastinen is the Finnish term used to describe phenomena, models or processes that involve randomness and probabilistic uncertainty. The term derives from the Greek stochastikos, meaning able to guess or conjecture, and entered mathematical usage to distinguish random, probability-based models from deterministic ones.
In mathematics and statistics, a stochastic process is a family {X_t} of random variables indexed by time
Its analysis uses probability theory, stochastic calculus for continuous-time models, and techniques such as Monte Carlo
Applications span finance (stock price modeling, option pricing), physics (diffusion and particle transport), engineering, biology, and