Question
Download Solution PDFA variable not described by a predictor is called:
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UGC NET Paper 1: Held on 5th Dec 2021 Shift 2
Answer (Detailed Solution Below)
Option 1 : Exogenous variable
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UGC NET Paper 1: Held on 21st August 2024 Shift 1
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Download Solution PDFExogenous Variable-
- In an economic model, an exogenous variable is one whose measure is determined outside the model.
- An exogenous variable is a factor in causal modeling or causal system whose value is independent from the states of other variables in the system; that is, it is a factor whose value is determined by factors or variables outside the causal system under study.
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