What is another word for stochastics?
Pronunciation: [stət͡ʃˈastɪks] (IPA) 
Stochastics is a term that is often used in the world of finance and mathematics. It refers to the science of using statistical methods to analyze and predict the behavior of financial markets. However, there are several synonyms for the term stochastics that can be used to describe the same type of analysis. These include stochastic processes, random processes, and Markov processes. Each of these terms refers to the same idea of using probability and statistical analysis to make educated predictions about the behavior of financial markets and other complex systems. No matter which term is used, they all refer to an important field of study that is essential to the world of finance and beyond.
