stokastilise
Stokastiline (stokastilise) is an Estonian adjective referring to stochastic, i.e., involving randomness. In mathematics and applied disciplines, stokastiline models describe systems whose future state is not determined solely by the present state but also by random factors. The term is used across statistics, probability theory, physics, finance, engineering, and computer science.
In probability theory, a stochastic process is a family of random variables indexed by time, X_t. Such
Applications include finance (stock prices modeled as stochastic processes; Black-Scholes model, Monte Carlo pricing), queueing theory
In summary, stokastilise models acknowledge randomness as an intrinsic part of system behavior, providing probabilistic predictions