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Investing Glossary:
Variable
Copyright 2010,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
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| Term: |
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| Definition: |
| 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.
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