Stochastic model definition

Stochastic model means a mathematical model involving random variable(s) in order to estimate probability distributions of potential outcomes.
View Source
Stochastic model means a model involving or containing a random variable or variables pertaining to chance or probability. (Germany) Propose to add per the comments under 3.9. deleting “stochastic”.
View Source

Examples of Stochastic model in a sentence

  • Stochastic model performs a large number of oil trajectory simulations using different wind conditions.

Related to Stochastic model

  • Park model means a recreational vehicle intended for

  • Base Case Financial Model means the base case financial model agreed by the Parties in writing as accurately representing the terms and conditions of the financing for the Project on a limited recourse or project finance basis and furnished by the Feed-in Approval Holder to the Distribution Licensee on or before the date of the Financial Closing Date for the Initial Financing Documents;

  • Financial Model means the computer model a Proponent has used and which is proposed to become the Financial Model under the Project Agreement in the format specified in Part 2 of Schedule 3 to this RFP;

  • Model shall refer to a particular brand of Vehicle sold by an OEM (e.g., Taurus, Tahoe, Grand Caravan).

  • STSMA means the Sectional Titles Schemes Management Act 8 of 2011, as amended and include the Regulations issued under the said act;