Stochastic Model 1
Stochastic Model 1 : A mathematical model which takes into consideration the presence of some randomness in one or more of its parameters or variables. The predictions of the model therefore do not give a single point estimate but a probability distribution of possible estimates. Contrast with deterministic. We might distinguish demographic stochasticity which arises from the discreteness of individuals and individual events such as birth, and environmental stochasticity arising from more_or_less unpredictable interactions with the outside world. [Swinton, 1999: A Dictionary of Epidemiology]
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