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Purpose

The purpose of this paper is to define the related concepts and theorems about the second moment process in stochastic analysis on time scales.

Design/methodology/approach

The study on stochastic analysis now includes two special conditions, namely discrete and continual conditions. However, in some cases, conditions are time scales, so that a new concept, namely stochastic analysis on time scales, is needed. Applying the time scales theory to the second moment process in stochastic analysis, related concept foundation of stochastic analysis on time scales has been established.

Findings

The need for the theory about stochastic analysis on time scales is recognized.

Practical implications

This is a very useful theory in related fields in future.

Originality/value

Stochastic analysis on time scales expand applying fields of stochastic analysis, and will be helpful to related fields.

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