Stochastic Analysis

Stochastic analysis is a branch of mathematics that deals with processes that involve randomness or uncertainty. It helps us understand and model systems that change over time in unpredictable ways, like stock prices, weather patterns, or even biological processes. By using tools like probability theory and stochastic processes, researchers can analyze these random events, predict their behavior, and make informed decisions. Essentially, it provides a framework for making sense of complex systems where outcomes are influenced by chance.