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Hi,
There is some documentation for PAT 2.0 that provides some explanation -- scroll down a bit to the section where it lists Argument, Discrete, Continuous, and Pivot. As PAT 2.0 now includes the same capabilities that were available in the analysis spreadsheet, the same description applies. I'll paste it here as well:
Note that a Variable in the analysis spreadsheet could either be of type Continuous or Discrete.