Parameters are properties of objects that can be varied over time to create animation.
Objects have many parameters that can be animated. Examples are the objects X, Y, and Z positions, rotations, scaling, and visibility.
Different types of objects have different animation parameters. For example, you can animate the field of view of a camera, and the color and intensity of a light.
In Alias, you control which parameters of an object are animated using the Param Control window.