NOUN | process | random walk | a stochastic process consisting of a sequence of changes each of whose characteristics / characteristics (as magnitude or direction) is determined by chance |
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Meaning | A stochastic process consisting of a sequence of changes each of whose characteristics / characteristics (as magnitude or direction) is determined by chance. | |
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Broader | stochastic process | A statistical process involving a number of random variables depending on a variable parameter (which is usually time) |
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