What is meant by the phrase "driving process" in stochastic processes?

142 Views Asked by At

I have heard the phrase a lot when someone refers to a stochastic process as being "driven by a Brownian motion" or the "levy process that drives it" etc.

In this context, what is meant by "driving process"?

I assume it means something like if a process $X(t)$ can be defined using the SDE

$$dX_t = a(t,X_t) dt + B(t) dW_t$$

Then it is driven by the process $W_t$? But I'm not sure of the exact definition.