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Variable and Dependence

noun

  • Something that is likely to vary; something that is subject to variation.
    • usage: "the weather is one variable to be considered"
  • A quantity that can assume any of a set of values.
  • A star that varies noticeably in brightness.
  • A symbol (like x or y) that is used in mathematical or logical expressions to represent a variable quantity.

adjective

  • Liable to or capable of change.
    • usage: "rainfall in the tropics is notoriously variable"; "variable winds"; "variable expenses"
  • Marked by diversity or difference.
    • usage: "the varying angles of roof slope"; "nature is infinitely variable"
  • Used of a device) designed so that a property (as e. G. Light) can be varied. (
    • usage: "a variable capacitor"; "variable filters in front of the mercury xenon lights"

Variable is an element in a model. For example, in the model RS&Pt+1 = a + b Tbill t + et, where RS&Pt+1 is the return on the S&P in month t+1 and Tbill is the Tbill return at month t, both RS&P and Tbill are "variables" because they change through time; i. E., they are not constant.

noun

  • The state of relying on or being controlled by someone or something else.
  • Being abnormally tolerant to and dependent on something that is psychologically or physically habit-forming (especially alcohol or narcotic drugs. ).

Dependence is a relationship between two different experimental results in which the first result does not directly influence the chances of the second result occurring, but instead, the two results are indirectly related because they are subject to influences from a common outside factor.