Random variable


 

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Random variable

An economic or statistical variable that takes on multiple (or a continuum of) values, each with some probability that is specified by a probability distribution (or probability density function).

Random variable

A function that assigns a real number to each and every possible outcome of a random experiment.



Random variable

Similar Matches

Variable levy

Variable levy

A tax on imports that varies over time so as to stabilize the domestic price of the imported good. Essentially, the tax is set equal to the difference between the target domestic price and the world price.


Variable

Variable

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.


Variable price security

Variable price security

A security that sells at a fluctuating market-determined price stocks and bonds are example.


Endogenous variable

Endogenous variable

A value determined within the context of a model. Related: Exogenous variable.


Variable rate demand note

Variable rate demand note

A note that is payable on demand and bears interest tied to a money market rate.


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