View Full Version : Stochastics and Statistics


jamesm
06-02-04, 07:01 AM
Does anybody know what the difference is between stochastics and statistics? Is there a difference?

mathman
06-02-04, 03:47 PM
Rough answer:

Stochastics is a term used to describe random processes.

Statistics is the study or analysis of data arising from random processes.