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A deterministic sequence - as opposed to a stochastic or random sequence.
stochastic demand is random demand. it is determined by predictable actions and a random element.
Buying a lottery ticket daily is deterministic. Winning a lottery and getting a prize is Stochastic.
monte carlo simulation is used to give solutions of deterministic problems whereas stochastic simulation is used for stochastic problems.
Zeev Schuss has written: 'Theory and applications of stochastic differential equations' -- subject(s): Stochastic differential equations
These words are used to describe ways of modeling or understanding the world. "Stochastic" means that some elements of the model or description are thought of as being random. (The word "Stochastic" is derived from an ancient Greek word for random.) A model or description that has no random factors, but conceivably could, is called "deterministic." For example, the equation Q = VC where Q = charge, V = voltage, and C = capacitance, is a deterministic physical model. One stochastic version of it would be Q = VC + e where e is a random variable introduced to account for or characterize the deviations between the actual charges and the values predicted by the deterministic model.
Michel Emery has written: 'Stochastic calculus in manifolds' -- subject(s): Differential Geometry, Geometry, Differential, Stochastic processes
G. Adomian has written: 'Stochastic systems' -- subject(s): Stochastic differential equations, Stochastic systems
I don't know the answer I am looking for the answers too. :) I'm only 41.
Stochastic means non-deterministic. This means that something contains an inherent degree of randomness. For more detail, you should consult a dictionary or more detailed literature on probability theory.
Hiroaki Morimoto has written: 'Stochastic control and mathematical modeling' -- subject(s): Stochastic control theory, Optimal stopping (Mathematical statistics), Stochastic differential equations