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.
- Continuous random variable
- Cost behaviour
- Direct costs
- Discrete random variable
- Exponential constant
- Financial analysis
- Fixed cost
- Flexible budgeting
- Indirect costs
- Management accounting
- Operational gearing
- Semi-fixed cost
- Semi-variable cost
- Variable cost
- Variable currency
- Variable net asset value
- Variable rate