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Briefly speaking, our conclusion is that stochastic volatility does not make a huge difference as far as the pricing is concerned if you get the average volatility right. It makes a big difference as far as hedging is concerned.
John Hull

Meaning of "stochastic" in the English dictionary

Dictionary
DICTIONARY
section

ETYMOLOGY OF THE WORD STOCHASTIC

From Greek stokhastikos capable of guessing, from stokhazesthai to aim at, conjecture, from stokhos a target.
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Etymology is the study of the origin of words and their changes in structure and significance.
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PRONUNCIATION OF STOCHASTIC

stochastic  [stɒˈkæstɪk] play
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GRAMMATICAL CATEGORY OF STOCHASTIC

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Stochastic is an adjective.
The adjective is the word that accompanies the noun to determine or qualify it.

WHAT DOES STOCHASTIC MEAN IN ENGLISH?

Stochastic

In probability theory, a purely stochastic system is one whose state is non-deterministic so that the subsequent state of the system is determined probabilistically. Any system or process that must be analyzed using probability theory is stochastic at least in part. Stochastic systems and processes play a fundamental role in mathematical models of phenomena in many fields of science, engineering, and economics. Stochastic comes from the Greek word στόχος, which means "aim". It also denotes a target stick; the pattern of arrows around a target stick stuck in a hillside is representative of what is stochastic.

Definition of stochastic in the English dictionary

The first definition of stochastic in the dictionary is having a probability distribution, usually with finite variance. Other definition of stochastic is involving a random variable the successive values of which are not independent. Stochastic is also square with non-negative elements that add to unity in each row.

WORDS THAT RHYME WITH STOCHASTIC


dicastic
dɪˈkæstɪk
drastic
ˈdræstɪk
dysplastic
dɪsˈplæstɪk
elastic
ɪˈlæstɪk
enthusiastic
ɪnˌθjuːzɪˈæstɪk
fantastic
fænˈtæstɪk
gymnastic
dʒɪmˈnæstɪk
Hesychastic
ˌhɛsɪˈkæstɪk
hygrochastic
ˌhaɪɡrəˈkæstɪk
hyperplastic
ˌhaɪpəˈplæstɪk
hypoplastic
ˌhaɪpəʊˈplæstɪk
inelastic
ˌɪnɪˈlæstɪk
mastic
ˈmæstɪk
monastic
məˈnæstɪk
neoplastic
ˌniːəʊˈplæstɪk
plastic
ˈplæstɪk
pyroclastic
ˌpaɪrəʊˈklæstɪk
sarcastic
sɑːˈkæstɪk
scholastic
skəˈlæstɪk
thermoplastic
ˌθɜːməʊˈplæstɪk

WORDS THAT BEGIN LIKE STOCHASTIC

stoccado
stochastically
stock
stock and station agent
stock book
stock car
stock car racing
stock certificate
stock code
stock company
stock control
stock controller
stock cube
stock dividend
stock dove
stock exchange
stock farm
stock farmer
stock farming
stock in trade

WORDS THAT END LIKE STOCHASTIC

aeroelastic
antineoplastic
bombastic
domestic
dynastic
fibroblastic
foam plastic
interscholastic
lymphoblastic
megaloblastic
myeloblastic
orgastic
orgiastic
osteoblastic
phantastic
reinforced plastic
Silastic
spastic
superelastic
trophoblastic
viscoelastic

Synonyms and antonyms of stochastic in the English dictionary of synonyms

SYNONYMS

Translation of «stochastic» into 25 languages

TRANSLATOR
online translator

TRANSLATION OF STOCHASTIC

Find out the translation of stochastic to 25 languages with our English multilingual translator.
The translations of stochastic from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «stochastic» in English.

Translator English - Chinese

随机
1,325 millions of speakers

Translator English - Spanish

estocástico
570 millions of speakers

English

stochastic
510 millions of speakers

Translator English - Hindi

स्टोकेस्टिक
380 millions of speakers
ar

Translator English - Arabic

مؤشر ستوكاستيك
280 millions of speakers

Translator English - Russian

стохастический
278 millions of speakers

Translator English - Portuguese

estocástico
270 millions of speakers

Translator English - Bengali

সম্ভাব্যতার সূত্রাবলি
260 millions of speakers

Translator English - French

stochastique
220 millions of speakers

Translator English - Malay

Stokastik
190 millions of speakers

Translator English - German

stochastische
180 millions of speakers

Translator English - Japanese

確率論的な
130 millions of speakers

Translator English - Korean

확률
85 millions of speakers

Translator English - Javanese

Stokastik
85 millions of speakers
vi

Translator English - Vietnamese

ngẫu nhiên
80 millions of speakers

Translator English - Tamil

இயலாததாகவோ
75 millions of speakers

Translator English - Marathi

स्टॉकेस्टिक
75 millions of speakers

Translator English - Turkish

stokastik
70 millions of speakers

Translator English - Italian

stocastico
65 millions of speakers

Translator English - Polish

stochastyczny
50 millions of speakers

Translator English - Ukrainian

стохастический
40 millions of speakers

Translator English - Romanian

stocastice
30 millions of speakers
el

Translator English - Greek

στοχαστική
15 millions of speakers
af

Translator English - Afrikaans

stogastiese
14 millions of speakers
sv

Translator English - Swedish

stokastisk
10 millions of speakers
no

Translator English - Norwegian

stokastisk
5 millions of speakers

Trends of use of stochastic

TRENDS

TENDENCIES OF USE OF THE TERM «STOCHASTIC»

The term «stochastic» is quite widely used and occupies the 25.191 position in our list of most widely used terms in the English dictionary.
0
100%
FREQUENCY
Quite widely used
89
/100
The map shown above gives the frequency of use of the term «stochastic» in the different countries.
Principal search tendencies and common uses of stochastic
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «stochastic».

FREQUENCY OF USE OF THE TERM «STOCHASTIC» OVER TIME

The graph expresses the annual evolution of the frequency of use of the word «stochastic» during the past 500 years. Its implementation is based on analysing how often the term «stochastic» appears in digitalised printed sources in English between the year 1500 and the present day.

Examples of use in the English literature, quotes and news about stochastic

EXAMPLES

3 QUOTES WITH «STOCHASTIC»

Famous quotes and sentences with the word stochastic.
1
Richard Ernst
On the theoretical side, I was concerned with stochastic resonance.
2
John Hull
Alan White and I spent the next two or three years working together on this. We developed what is known a stochastic volatility model. This is a model where the volatility as well as the underlying asset price moves around in an unpredictable way.
3
John Hull
Briefly speaking, our conclusion is that stochastic volatility does not make a huge difference as far as the pricing is concerned if you get the average volatility right. It makes a big difference as far as hedging is concerned.

10 ENGLISH BOOKS RELATING TO «STOCHASTIC»

Discover the use of stochastic in the following bibliographical selection. Books relating to stochastic and brief extracts from same to provide context of its use in English literature.
1
Adventures in Stochastic Processes
The book can be used for either a one or two semester course as given in departments of mathematics, statistics, operation research, business and management, or a number of engineering departments.
Sidney I. Resnick, 1992
2
Stochastic processes
This revised edition contains additional material on compound Poisson random variables including an identity which can be used to efficiently compute moments; a new chapter on Poisson approximations; and coverage of the mean time spent in ...
Sheldon M. Ross, 1996
3
Stochastic Processes in Physics and Chemistry
The third edition of Van Kampen's standard work has been revised and updated.
N.G. Van Kampen, 2011
4
Basic Stochastic Processes: A Course Through Exercises
This book for self-study provides a detailed treatment of conditional expectation and probability, a topic that in principle belongs to probability theory, but is essential as a tool for stochastic processes.
Zdzislaw Brzezniak, Tomasz Zastawniak, 1999
5
An Introduction to Stochastic Modeling
Realistic applications from a variety of disciplines integrated throughout the text. . Extensive end of chapter exercises sets, 250 with answers . Chapter 1-9 of the new edition are identical to the previous edition . New!
Mark A. Pinsky, Samuel Karlin, 2011
6
Introduction to Stochastic Programming
In this extensively updated new edition there is more material on methods and examples including several new approaches for discrete variables, new results on risk measures in modeling and Monte Carlo sampling methods, a new chapter on ...
John R. Birge, François Louveaux, 2011
7
Introduction to Stochastic Integration
This softcover reprint of a classic textbook offers a highly readable introduction to stochastic integration and stochastic differential equations. It combines developments of the basic theory with applications and includes exercises.
Kai L. Chung, Ruth J. Williams, 1990
8
A First Course in Stochastic Processes
The purpose, level, and style of this new edition conform to the tenets set forth in the original preface.
Samuel Karlin, Howard E. Taylor, 1975
9
Stochastic Finite Elements: A Spectral Approach
This text analyzes a class of discrete mathematical models of engineering systems, identifying key issues and reviewing relevant theoretical concepts, with particular attention to a spectral approach. 1991 edition.
Roger G. Ghanem, Pol D. Spanos, 2003
10
An Introduction to Continuous-Time Stochastic Processes: ...
Expanding on the first edition of An Introduction to Continuous-Time Stochastic Processes, this concisely written book is a rigorous and self-contained introduction to the theory of continuous-time stochastic processes.
Vincenzo Capasso, David Bakstein, 2012

10 NEWS ITEMS WHICH INCLUDE THE TERM «STOCHASTIC»

Find out what the national and international press are talking about and how the term stochastic is used in the context of the following news items.
1
How to Trade Markets Using the Stochastic Oscillator - Video
The stochastic oscillator is a technical tool that was popularized by George Lane. It is a momentum indicator based on the idea that in an uptrending market the ... «The Market Oracle, Jul 15»
2
The stochastic thermodynamics of a rotating Brownian particle in a …
The calculations are based on the fluctuation relations which relate entropy production to the probabilities of stochastic paths and carried out in a multi-time ... «Nature.com, Jul 15»
3
Binary Options Trading Indicator Stochastic v1.0 Released By ITM …
The new forex and binary options trading indicator Stochastic v1.0 has been ... their latest software update, Stochastic v1.0 to their VIP level trading members. «MarketWatch, Jul 15»
4
Shining a stochastic spotlight on Ebola
The project is titled "Functional Quantization of Ebola Zoonotic Spreading: A Kernel for the Establishment of a Research Thrust on Stochastic Computation and ... «EurekAlert, Jun 15»
5
Embrace the Stochastic Kitchen with Foodie Dice
Food Geeks: Do you worry about getting it right? Do you find yourself poring over seven recipes for the same dish trying to figure out which one is the best kind of ... «Paste Magazine, Jun 15»
6
Stochastic Signals
The Stochastic indicator is quite a popular tool for commodity traders (including those interested in trading crude oil and precious metals) and it is not without a ... «FXStreet, May 15»
7
Lecturer In Probability Theory And Stochastic Processes
The School of Mathematics and Statistics is seeking to expand its expertise in Probability Theory and its applications within the Stochastic Processes research ... «The Conversation AU, May 15»
8
The Cooperative Solution of Stochastic Games
Executive Summary — In its broadest sense a stochastic game is one in which, at each stage, the game is in one of a finite number of states. Each player ... «Working Knowledge, Apr 15»
9
Supplementary Materials
347 no. 6225 pp. 974-978. DOI: 10.1126/science.1260168. Stochastic electron acceleration during spontaneous turbulent reconnection in a strong shock wave. «Science Magazine, Feb 15»
10
Stochastic models: The need for greater transparency
Stochastic models are widely used for many purposes and, in particular, are highly effective as a means of illustrating the trade-off between investment risk and ... «Professional Adviser, Jan 15»

REFERENCE
« EDUCALINGO. Stochastic [online]. Available <https://educalingo.com/en/dic-en/stochastic>. Apr 2024 ».
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