In econometrics,the variables whose values we are trying to explain are called
A) Explanatory variables
B) Dependent variables
C) Independent variables
D) Control variables

Question

Quizplus · Accepted Answer

Dependent variables are the variables whose values we are trying to explain, and hence they are also called response variables. The independent variables (also called explanatory or predictor variables) are the ones that we use to explain the variation in the dependent variable. Control variables are other factors that we hold constant while analyzing the relationship between the independent and dependent variables.

In Econometrics,the Variables Whose Values We Are Trying to Explain