cardinal variable
Noun
A variable whose values are ordered, that can be multiplied by a scalar, and for which the magnitude of differences in values is meaningful.
- Narrower terms
- Examples
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In dealing with certainty choices, standard economic theory treats utility (intensity of preference) as an ordinal rather than a cardinal variable.
The least squares estimation treats happiness as a cardinal variable.
More examples (1)
Life Satisfaction was handled as a cardinal variable, with values between one and seven, where one was assigned to the lowest level of satisfaction
Word forms
cardinal variables