Stochastic process facts for kids
A Stochastic process is a mathematical description of random events that occur one after another. It is possible to order these events according to the time at which they occur.
This can be used to model such things as stock market and exchange rate changes, or medical information like a patient's EKG, EEG, blood pressure or temperature.
Images for kids
-
A single computer-simulated sample function or realization, among other terms, of a three-dimensional Wiener or Brownian motion process for time 0 ≤ t ≤ 2. The index set of this stochastic process is the non-negative numbers, while its state space is three-dimensional Euclidean space.
-
Mathematician Joseph Doob did early work on the theory of stochastic processes, making fundamental contributions, particularly in the theory of martingales. His book Stochastic Processes is considered highly influential in the field of probability theory.
See also
In Spanish: Proceso estocástico para niños
