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In this situation, the term hidden variables is commonly used (reflecting the fact that the variables are meaningful, but not observable). Other latent variables correspond to abstract concepts, like categories, behavioral or mental states, or data structures.
An economic variable can be exogenous in some models and endogenous in others. In particular this can happen when one model also serves as a component of a broader model.
In mathematics, a variable (from Latin variabilis, "changeable") is a symbol, typically a letter, that refers to an unspecified mathematical object. [1] [2] [3] One says colloquially that the variable represents or denotes the object, and that any valid candidate for the object is the value of the variable.
The term Variable is relevant to several contexts, and is especially important to mathematics and computer science. Scientists and engineers will often use mathematical variables in formulae and equations, such as E = m c 2; they will also have their own special uses of the term.
In imperative programming languages, values can generally be accessed or changed at any time. In pure functional and logic languages, variables are bound to expressions and keep a single value during their entire lifetime due to the requirements of referential transparency.
In mathematics, a function is a rule for taking an input (in the simplest case, a number or set of numbers) [5] and providing an output (which may also be a number). [5] A symbol that stands for an arbitrary input is called an independent variable, while a symbol that stands for an arbitrary output is called a dependent variable. [6]
In computer programming, initialization or initialisation is the assignment of an initial value for a data object or variable. The manner in which initialization is performed depends on the programming language, as well as the type, storage class, etc., of an object to be initialized.
Local variables may have a lexical or dynamic scope, though lexical (static) scoping is far more common.In lexical scoping (or lexical scope; also called static scoping or static scope), if a variable name's scope is a certain block, then its scope is the program text of the block definition: within that block's text, the variable name exists, and is bound to the variable's value, but outside ...