Pokémon B/W. How's the adventure going so far?

[Cshad]

Individual values, IVs for short, sometimes also known as determinant values, DVs for short, are the Pokémon equivalent of genes. They are instrumental in determining the stats of a Pokémon, being responsible for the large variation in stats among untrained Pokémon of the same species.

http://bulbapedia.bulbagarden.net/wiki/I...ual_values

Effort values (abbreviated EVs and previously called Stat Exp) are attributes which give bonuses to a Pokémon's stats and improve differently depending which Pokémon they defeat. These bonuses, in the form of effort points, are gained in addition to bonuses gained by increasing level. A Pokémon which increases in level using a Rare Candy instead of battling does not gain any EVs, making it weaker than a Pokémon who increases in level normally.

http://bulbapedia.bulbagarden.net/wiki/Effort_values