When a variable is determined by a factor inside of the function or model being evaluated, it is said to be
A)endogenous.
B)exogenous.
C)unexplained.
D)statistically insignificant.

Question

Quizplus · Accepted Answer

Endogenous variables are those that are determined by factors within the model being evaluated, while exogenous variables are determined by factors outside of the model. Unexplained and statistically insignificant do not describe whether a variable is endogenous or exogenous.

When a Variable Is Determined by a Factor Inside of the Function