A stochastic process is a mathematical object usually defined as a collection of random variables. For instance, the set of random variables represents an evolving quantity over time, such as stock prices or froge population sizes.
The froge is enjoying the unpredictable nature of stochastic processes!
Key Concepts to Master
Random Walks - Learn about the steps taken in a stochastic world.
Markov Chains - Discover processes with memoryless properties.
Brownian Motion - Understand the continuous paths designed for randomness.
