A variable taken as given in a model is a[n]
A)endogenous variable.
B)dummy variable.
C)exogenous variable.
D)dichotomous variable.

Question

Quizplus · Accepted Answer

An exogenous variable is a variable taken as given in a model. It is an independent variable that is not affected by any other variables in the model. Endogenous variables, on the other hand, are dependent variables that are affected by other variables in the model. Dummy variables are variables created to represent categorical variables in a model, while dichotomous variables are dummy variables that only have two possible values. Therefore, the correct answer is C)exogenous variable.

A Variable Taken as Given in a Model Is A[n]