Stochastic models are synonymous with
A) deterministic models
B) schematic models.
C) qualitative models.
D) conceptual models.
E) None of the above

Question

Quizplus · Accepted Answer

Stochastic models are not synonymous with any of the given options. Stochastic models are models that incorporate randomness and probabilistic elements, making them distinct from deterministic models. Schematic, qualitative, and conceptual models can be either deterministic or stochastic, depending on whether or not they incorporate probabilistic elements.

Stochastic Models Are Synonymous with