Business / Taxes / Stochastic Modeling: Stochastic modeling is a statistical process that uses probability and random variables to predict a range of probable investment performances. The mathematical principles behind stochastic modeling are complex, so it's not something you can do on your own. But based on information you provide about your age, investments, and risk tolerance, financial analysts may use stochastic modeling to help you evaluate the probability that your current investment portfolio will allow you to meet your financial goals. Appropriately enough, the term stochastic comes from the Greek word meaning 'skillful in aiming.'
Business / Finance / Stochastics Index: Liability-matching models that assume that the liability payments and the asset cash flows are uncertain. Related: Deterministic models. MORE
Technology / Computers / Virtual Reality Modeling Language (VRML): A form of application that gives a 3-D effect to pictures sometimes allowing you to 'move' through them. MORE