Q28
Probabilistic models are also known as.
A.
Deterministic Models
B.
Stochastic Models
AnswerC.
Dynamic Models
D.
Static Models
Answer: Option B
Solution
Answer: Option B
Solution:
Probabilistic models are also known as Stochastic Models. Stochastic modeling is a form of a financial model that is used to help make investment decisions. This type of modeling forecasts the probability of various outcomes under different conditions, using random variables.