Dependent and Independent Variables
Dependent variables are those which are affected or the result/outcome of another variable while the variables that discover conditions act on something else is called independent variables. Independent variables are also known by the cause variables and dependent are referred as outcome variables. It is not easy to differentiate between dependent and independent variables. Independent variables can be identified by the help of two questions. First, is it come before other variable in time? Second, based on the suggestion of researcher that one variable is affecting the other variable, if variables occur at the same time. Independent variables have an impact on other variables. Presence of an independent variable must produce the dependent variable; increase of a unit in independent variable causes increase or decrease in a dependent variable. We may also say changes occur in dependent variable could only happened due to independent variable.
It has indicated by a research studies that successful development of new product has an influence on company’s stock market price i.e. the more the product is successful the more will be the market price of company. This shows that success of a product act as an independent variable while market price as dependent variable.
comment closed