Stochastic analysis and modelling encapsulate a rich field that combines rigorous probability theory with analytical tools to capture and forecast the behaviour of systems influenced by inherent ...

Stochastic Model Predictive Control (SMPC) for linear systems is an advanced control framework that blends systematic optimisation with probabilistic forecasting. By explicitly accounting for ...

Stochastic volatility is the unpredictable nature of asset price volatility over time. It's a flexible alternative to the Black Scholes' constant volatility assumption.