Variable: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Create page. Sources: Linked pages.) |
imported>Doug Williamson (Add links.) |
||
| Line 31: | Line 31: | ||
* [[Correlation]] | * [[Correlation]] | ||
* [[Cost behaviour]] | * [[Cost behaviour]] | ||
* [[Dependent variable]] | |||
* [[Direct costs]] | * [[Direct costs]] | ||
* [[Discrete random variable]] | * [[Discrete random variable]] | ||
| Line 39: | Line 40: | ||
* [[Flexible budgeting]] | * [[Flexible budgeting]] | ||
* [[Gearing]] | * [[Gearing]] | ||
* [[Independent variable]] | |||
* [[Indirect costs]] | * [[Indirect costs]] | ||
* [[Input]] | * [[Input]] | ||
Revision as of 21:03, 10 September 2022
1. Income - expenditure - adjective.
Variable costs and income are amounts that can change within a forecasting or review period.
Contrasted with fixed costs and income.
The term "variable" is a relative one, because - when a long enough time frame is considered - most items become variable.
2. Financial maths - noun.
In financial maths, a variable is a number that can take more than one value.
For example, a rate of inflation.
Contrasted with a constant, that - by definition - does not change.
3. Analysis - modelling - inputs - assumptions.
An relevant amount that - if it were to change - would be expected to change the results of analysis or modelling.
See also
- Argument
- Constant
- Continuous random variable
- Contribution
- Correlation
- Cost behaviour
- Dependent variable
- Direct costs
- Discrete random variable
- Expense
- Exponential constant
- Financial analysis
- Fixed cost
- Flexible budgeting
- Gearing
- Independent variable
- Indirect costs
- Input
- Management accounting
- Model
- Operational gearing
- Semi-fixed cost
- Semi-variable cost
- Variable cost
- Variable currency
- Variable net asset value
- Variable rate
