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What is a variable? - Economics

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Question

What is a variable?

Short Answer

Solution

A measurable characteristic whose value changes over time is called variable. It refers to that quantity which keeps on changing and which can be measured by some unit. For example, if we measure the height of students of a class, then the height is regarded as a variable. A variable can be either discrete or continuous.

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Meaning of Variables
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Chapter 3: Organisation of Data - Exercise [Page 38]

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NCERT Statistics for Economics [English]
Chapter 3 Organisation of Data
Exercise | Q 3. | Page 38
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