Question above, I have a very rudimentary understanding of econometrics.
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1$\begingroup$ lucho's comment: possible duplicate of my comment >:((((( .... :P $\endgroup$– Kitsune Cavalry ♦Sep 3, 2017 at 17:06
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$\begingroup$ @luchonacho Thanks for the heads up on the dupe. I thought preferences was rather a separate topic. $\endgroup$– EconJohn ♦Sep 3, 2017 at 17:57
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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.
