Glossary “V” Definition of Terms in DataMyte

Variability

The property of exhibiting changes or differences: in particular, in the product of a process. 

Variables

Quantities which are subject to change or variability.

Variables Data

Concerning the measured values of a variable, as opposed to attribute data. A dimensional value can be recorded and is only limited in value by the resolution of the measurement system. Variance — The square of the standard deviation given by the formula.