Share This Article:

Economic Definition of independent variable. Defined.

Offline Version: PDF

Term independent variable Definition: A variable that is identified outside the workings of the model. Also termed an exogenous variable, an independent variable is in essence the "input" of the model. It should be compared with an endogenous variable this is the "output" of the model.


« increasing-cost industry | indeterminant »


Alphabetical Reference to Over 2,000 Economic Terms