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What does stochastic mean?

Looking for the meaning or definition of the word stochastic? Here's what it means.

Adjective
  1. Random, randomly determined.
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His research focuses on the interplay between fractal geometry and stochastic processes.
Figure 10 is the stochastic critical path for a NASA space exploration mission.
First, we briefly review the related literature, then present a simple binomial model under a stochastic volatility and jump economic world.
The unexplained covariation, C stochastic, refers to the lack of fit of the data to the model.
In a Monte Carlo method, the quantity to be calculated is interpreted in a stochastic model and, subsequently, estimated by random sampling.
Do not, however, wait for a crossover on the stochastic lines as the market will then already likely be in a free fall.

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