In many diciplines that utlizes mathematics, we often see the equation
$$y=y(x)$$
where $y$ might be other replaced by whichever letter that makes the most sense in context. My question is what does $y$ mean in this case. I think that $y$ means both a function, since $y(x)$, but also a variable whose value is equall to the output of function $y$. Is that correct?