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TeachMeFinance.com - explain Stochastic Model Stochastic Model The term 'Stochastic Model ' as it applies to the area of Medicare in the United States can be defined as ' An analysis involving a random variable. For example, a stochastic model may include a frequency distribution for one assumption. From the frequency distribution, possible outcomes for the assumption are selected randomly for use in an illustration'. Previous 5 Terms: STLT STM STNRY stochastic Stochastic effects Next 5 Terms: Stock change Stocker cattle stocking Stocking rate Stockpile About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.