Exogenous and endogenous variables
id:
exogenous-and-endogenous-variables-313-3499657
title:
Exogenous and endogenous variables
text:
In an economic model, an exogenous variable is one whose measure is determined outside the model and is imposed on the model, and an exogenous change is a change in an exogenous variable. In contrast, an endogenous variable is a variable whose measure is determined by the model. An endogenous change is a change in an endogenous variable in response to an exogenous change that is imposed upon the model. The term 'endogeneity' in econometrics has a related but distinct meaning. An endogenous rando
brand slug:
wiki
category slug:
encyclopedia
description:
Classification of variables in economic models
original url:
https://en.wikipedia.org/wiki/Exogenous_and_endogenous_variables
date created:
date modified:
2023-10-30T00:17:12Z
main entity:
{"identifier":"Q61985482","url":"https://www.wikidata.org/entity/Q61985482"}
image:
fields total:
13
integrity:
14