According to Statista, the global coffee industry is worth US$363 billion in 2020. The market grows annually by 10.6%, and 78% of revenue came from out-of-home establishments like cafes and coffee beverage retailers.
STOCHASTIC
stochastic
(adjective) being or having a random variable; “a stochastic variable”; “stochastic processes”
Source: WordNet® 3.1
Etymology
Adjective
stochastic (comparative more stochastic, superlative most stochastic)
Random, randomly determined.
Usage notes
The term refers to the process of determination being random, regardless of any particular outcome. Flipping a fair coin that lands heads 100 times in a row (in practice, impossibly unlikely, or proof that the coin is not a fair one) could still be contemplated as the outcome of a stochastic procedure.
Coordinate terms
• probabilistic
Anagrams
• octastichs
Source: Wiktionary
Sto*chas"tic, a. Etym: [Gr.
Definition: Conjectural; able to conjecture. [Obs.] Whitefoot.
Source: Webster’s Unabridged Dictionary 1913 Edition
Recent Word Finds
Word of the Day
10 March 2025
FABLED
(adjective) celebrated in fable or legend; “the fabled Paul Bunyan and his blue ox”; “legendary exploits of Jesse James”
Coffee Trivia
