I do think there's some value in being able to tersely express your exact point to a peer. For example "a random process" could mean "any process in existence"

I do think there's some value in being able to tersely express your exact point to a peer. For example "a random process" could mean "any process in existence" whereas "a stochastic process" clearly states stochastic as being a property of the process. I however agree that things can sometimes get a bit wrapped up in sounding cool just to sound cool.