Re: Probability And Stochastic Method

Posted on 4. Jul. 2007 - 03:36

"Stochastic is synonymous with "random." The word is of Greek origin and means "pertaining to chance" (Parzen 1962, p. 7). It is used to indicate that a particular subject is seen from point of view of randomness. Stochastic is often used as counterpart of the word "deterministic," which means that random phenomena are not involved. Therefore, stochastic models are based on random trials, while deterministic models always produce the same output for a given starting condition."

Well, well, learn something new every day!

So that I might learn something else, do people still use Fortran these days??