Stub entry: single definition derived from the NIST trustworthy-AI glossary; sector-specific readings not yet documented — contributions welcome.
The adjective “stochastic” implies the presence of a random variable; e.g. stochastic variation is variation in which at least one of the elements is a variate and a stochastic process is one wherein the system incorporates an element of randomness as opposed to a deterministic system.
NIST AIRC, The Language of Trustworthy AI glossary (public-domain compilation), entry 'stochastic', definition attributed to OECD