0
$\begingroup$

Question above, I have a very rudimentary understanding of econometrics.

$\endgroup$
  • 1
    $\begingroup$ lucho's comment: possible duplicate of my comment >:((((( .... :P $\endgroup$ – Kitsune Cavalry Sep 3 '17 at 17:06
  • $\begingroup$ @luchonacho Thanks for the heads up on the dupe. I thought preferences was rather a separate topic. $\endgroup$ – EconJohn Sep 3 '17 at 17:57
0
$\begingroup$

An endogenous variable is one whose value determined within the model. Exogenous variables are those variables whose values are determined by influences outside the model.

| improve this answer | |
$\endgroup$

Not the answer you're looking for? Browse other questions tagged or ask your own question.