Stochastic - Wikipedia - Ladislaus Bortkiewicz and [21] ![rw-book-cover|200x400](https://readwise-assets.s3.amazonaws.com/static/images/article3.5c705a01b476.png) ## Metadata - Author: **Ladislaus Bortkiewicz and [21]** - Full Title: Stochastic - Wikipedia - Category: #articles - URL: https://en.wikipedia.org/wiki/Stochastic ## Highlights - Stochastic (from Greek στόχος (stókhos) 'aim, guess'[1]) refers to the property of being well described by a random probability distribution.[1] Although stochasticity and randomness are distinct in that the former refers to a modeling approach and the latter refers to phenomena themselves, these two terms are often used synonymously. Furthermore, in probability theory, the formal concept of a stochastic process is also referred to as a random process