Stochastic analysis in forecasting requires certain instincts about products, markets, and customers-as well as an ability to blend science and art in a way that can be disconcerting for those of us confronted with the task. The APICS Dictionary describes the stochastic model as one where uncertainty is explicitly considered in the analysis. Merriam-Webster's defines stochastic as "random" and "involving chance or probability." As such, it's no wonder that stochastic analysis often is an unclear and rather demanding exercise.
展开▼
