What is another word for stochasticity?
Pronunciation: [stˌɒt͡ʃastˈɪsɪti] (IPA) 
Stochasticity is the term used to describe a random and unpredictable nature of a process. It refers to the element of chance that is inherent in many different domains ranging from physics and economics to biology and computer science. The concept is closely related to probability theories and statistical models. Synonyms for stochasticity include randomness, uncertainty, variability, chance, unpredictability, and indeterminacy. In the context of mathematical modeling, other related terms include Monte Carlo simulations, Brownian motion, and Markov chains. In general, stochasticity is a crucial concept in many areas of research and analysis where understanding the role of chance and randomness is essential for accurate prediction and decision-making.
