Deterministic vs. Stochastic Modeling

Hi everyone! This video is about the difference between deterministic and stochastic modeling, and when to use each. This is actually a remake of an older video I made:

I tried to make it with a little better animation this time.

I used the Manim Python library to make the animation. Credit to the Grant Sanderson and the Manim Community for making this awesome library! If you want to try it out for yourself, here is their website:

Thanks for watching and let me know if you have any questions!

[yamenalharbi]

Nice video, Mike. We also use the stochastic model when the number of molecules is low here. The noise or randomness plays a crucial role. Good video. Keep it up

[chocolatemodelsofficial]

The stochastic indicator on stock charts makes more sense to me now, thanks.

[infinger]

Thank you - clear, concise, and to the point.

I think I could use a stochastic model idea for manufacturing. We have tons of randomness in the process, everything from materials to operator variation, to when things are pulled from a freezer before use.

[ArjunDzn]

Came here to understand that ncert line of EVOLUTION
This video was really helpful, thanks 👍🏻

[federicosisti]

Short and helpful. Is random a sign of you don't know some variables? If I add new variables can I transform a model from stochastic to determinist?