Independent Variable Definition
Independent Variable Definition:
An independent variable is a variable that acts as a causal factor; activity is the independent variable, as represented by the letter X in the following equation:
Y = a + bX
Other Related Accounting Articles:
- Dependent Variable Definition
- Regression Line Definition
- Adjusted R2 Definition
- Variable Overhead Efficiency Variance Definition
- Variable Cost Definition
- Factor Income
- Activity Cost Driver
- Multiple Regression Definition
- Variable Spending Variance Definition
- Activity Base Definition
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