probabilistic
Definition
Situation or model where there are multiple possible outcomes, each having varying degrees of certainty or uncertainty of its occurrence. Probabilistic is often taken to be synonymous with stochastic but, strictly speaking, stochastic conveys the idea of (actual or apparent) randomness whereas probabilistic is directly related to probabilities and therefore is only indirectly associated with randomness. Thus it might be more accurate to describe a natural event or process as stochastic, and to describe its mathematical analysis (and that of its consequences) as probabilistic.
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probabilistic is in the Statistics, Mathematics, & Analysis subject.
probabilistic appears in the definitions of the following terms: stochastic, decision analysis, random failure, random and deterministic inventory control
probabilistic appears in these other terms: probabilistic inventory control, probabilistic model
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