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eBA Encyclopedia Statistics Terminology: Parameter
In mathematics, statistics, and the mathematical sciences, parameters are quantities that define certain characteristics of systems or functions.
When evaluating the function over a domain or determining the response of the system over a period of time, the independent variables are modulated, while the parameters are held constant.
The function or system may then be reevaluated or reprocessed with different parameters, to give a function or system with different behavior. Loosely speaking, then, parameters are constants in a narrow context but are variables in a larger context.
Moreover, whether a quantity is a parameter or a variable is generally determined by its role in a particular system or function, rather than by anything intrinsic to the quantity.
In non-technical contexts or in jargon, parameter may also simply be a synonym for criterion.
Read More more details about this definition and another statistical terms at our new Statistics Terminology Glossary.
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tags: basketball ~ statistician's digest ~ terminology ~ statistics ~ parameter
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