What is the definition of an independent variable

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What is the definition of an "independent" variable? A dependent variable?

What about a variable I intend to use to help do some forecasting. Interest rates, for example, will have an effect on the number of houses purchased --- may I call interest rate the independent variable and number of houses purchased the dependent variable? 

In a "scatter plot" which axis is the independent variable put on? The dependent variable?

Reference no: EM13240798

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