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Define Stochastic System?
- Stochastic means pertaining to chance.
- Stochastic system means anything random that involves in time.
- Stochastic system is an area of system theory that deals with dynamics as well as statistic systems, which can be characterized by stochastic process called random process.
- By random process we mean that index family of random variables.simply we can say that random process is the collection of random variables.
- Random variables are those whose possible values are numerical outcomes of a random phenomenon • Which can take on a set of possible different values (similarly to other mathematical variables), each with an associated probability
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