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Stochastic Processes

/stəˈkæstɪk ˈprɒsɛsɪz/noun
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Stochastic processes are sequences of random variables that evolve over time, used to model systems where uncertainty plays a key role. They capture the unpredictable nature of real-world phenomena, from stock market fluctuations to particle movements in physics, and have become essential in modern data analysis for handling variability and making probabilistic forecasts.

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