Numerical Variable
Definition
A Numerical Variable in the context of Quantitative Risk Management is any integer or real variable that is used in the representation of a Risk Model, encoding Explanatory Variables, Risk Factor or Risk Metric
Usage
The Numerical Precision required in the representation of numerical variables varies by application. Numerical variables may include negative ranges (but the use of the complex domain is not usual except as a computational tool).
Numerical Variables can be converted to Categorical Variable
Disclaimer
This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with or correctly interprets the concepts covered by the FIBO ontology.
| IsDefinedBy URI of an entity that is defined via an imported vocabulary. | https://spec.edmcouncil.org/fibo/ontology/FND/MathExt/Math/index-en.html + |
