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Probability vs Stochastics - What's the difference?

probability | stochastics |

In mathematics|lang=en terms the difference between probability and stochastics

is that probability is (mathematics) a number, between 0 and 1, expressing the precise likelihood of an event happening while stochastics is (mathematics) the branch of statistics that deals with stochastic systems.

As nouns the difference between probability and stochastics

is that probability is the state of being probable; likelihood while stochastics is (mathematics) the branch of statistics that deals with stochastic systems.

probability

English

Noun

(wikipedia probability) (probabilities)
  • the state of being probable; likelihood
  • an event that is likely to occur
  • the relative likelihood of an event happening
  • (mathematics) a number, between 0 and 1, expressing the precise likelihood of an event happening

    • Derived terms

    * conditional probability * frequency probability * joint probability * propensity probability

    Related terms

    * probable

    See also

    * odds * possibility * verisimilitude

    External links

    * *

    stochastics

    English

    Noun

    (-)
  • (mathematics) The branch of statistics that deals with stochastic systems