Manifest Variable

AAA

DEFINITION of 'Manifest Variable'

A variable that can be directly measured or observed. It is the opposite of a latent variable, which can not be directly observed. Manifest variables are used in latent variable statistical models, which test the relationships between a set of manifest variables and a set of latent variables. Manifest variables are considered either continuous or categorical (a countable range).

INVESTOPEDIA EXPLAINS 'Manifest Variable'

Statisticians use several different analysis tests when examining manifest variables and latent variables. The four most frequently used models are factor analysis, latent trait analysis, latent profile analysis, and latent class analysis. Which model is ultimately used depends on whether the manifest variables are continuous or categorical, and whether the latent variables are continuous or categorical.

RELATED TERMS
  1. Endogenous Variable

    A classification of a variable generated by a statistical model ...
  2. Correlation

    In the world of finance, a statistical measure of how two securities ...
  3. Statistics

    A type of mathematical analysis involving the use of quantified ...
  4. Sample

    A subset containing the characteristics of a larger population. ...
  5. Sampling

    A process used in statistical analysis in which a predetermined ...
  6. Compound Annual Growth Rate - CAGR

    The year-over-year growth rate of an investment over a specified ...
Related Articles
  1. What Are The Odds Of Scoring A Winning ...
    Investing Basics

    What Are The Odds Of Scoring A Winning ...

  2. Financial Markets: Random, Cyclical ...
    Fundamental Analysis

    Financial Markets: Random, Cyclical ...

  3. Economic Indicators That Do-It-Yourself ...
    Investing Basics

    Economic Indicators That Do-It-Yourself ...

  4. Trading With Gaussian Models Of Statistics
    Forex Education

    Trading With Gaussian Models Of Statistics

comments powered by Disqus
Hot Definitions
  1. Halloween Massacre

    Canada's decision to tax all income trusts domiciled in Canada. In October 2006, Canada's minister of finance, Jim Flaherty, ...
  2. Zombies

    Companies that continue to operate even though they are insolvent or near bankruptcy. Zombies often become casualties to ...
  3. Witching Hour

    The last hour of stock trading between 3pm (when the bond market closes) and 4pm EST. Witching hour is typically controlled ...
  4. October Effect

    The theory that stocks tend to decline during the month of October. The October effect is considered mainly to be a psychological ...
  5. Repurchase Agreement - Repo

    A form of short-term borrowing for dealers in government securities.
  6. Correlation

    In the world of finance, a statistical measure of how two securities move in relation to each other. Correlations are used ...
Trading Center