Question

mention the types of variable in economics​

Answer 1

Introduction to Types of Variables in StatisticsThe following article provides an outline on Types of Variables in Statistics. The values that are altering according to circumstances are referred to as variables. A variable can occurs in any form, such as trait, factor or a statement that will constantly be changing according to the changes in the applied environment. Such variables in statistics are broadly divided into four categories such as independent variables, dependent variables, categorical and continuous variables. Apart from these, quantitative and qualitative variables hold data as nominal, ordinal, interval and ratio. Each type of data has unique attributes.Different Types of Variables in StatisticsIn statistics, the variable is an algebraic term that denotes the unknown value that is not a fixed value which is in numerical format. Such types of variables are implemented for many types of research for easy computations. So there are many different types of variables available that can be applied in varied domains. Many other variables are discussed in minimally are listed are active variable which the researcher evaluates. A variable that occurs before the independent variable is called an antecedent variable.

Answer 2

Such variables in statistics are broadly divided into four categories such as independent variables, dependent variables, categorical and continuous variables. Apart from these, quantitative and qualitative variables hold data as nominal, ordinal, interval and ratio.

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