Exogenous

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Exogenous

Describes facts outside the control of the firm. Converse of endogenous.

Exogenous

1. Describing anything outside a company's control. For example, a company may fail because of a recession even if it does everything right. In this case, the recession is an exogenous factor.

2. See: Independent Variable.
References in periodicals archive ?
The first goal of this study was to measure the quantitative impact of net exports and foreign exchange rates as exogeneous variables upon the key economic variables of changes in business inventories and the final sales of goods.
Each equation of the simultaneous model excludes one exogeneous variable and is identified.
The variance component attributable to the exogeneous vector process is:
Chapter 4 analyses how and why women's customary rights in land in matrilineal and bilateral communities were eroded due to exogeneous forces over which women could exercise little direct control.
Consistent with Bessler and Yang (2003), the French and Canadian markets are found to be the least exogeneous of the nine markets in the sense that information from other stock index futures markets is prevalent in explaining the stock price movements in these markets.
t] in (1), however, poses a potential problem, namely that the current export growth variable may not be exogeneous.
t] being exogeneous for [Beta] in favor of the alternative hypothesis that D[X.
t] is the vector of exogeneous variables such as his education (EDU), age, level of skills, family living abroad or back home, accumulated property and wealth (W) in Pakistan, and magnitude of his stay abroad (EXO) etc.
The industry at this time (by the late 1970s) had become a mature industry and so to expect continued growth commensurate with that of the 1950s and 1960s without some substantial exogeneous factor or factors impacting the market is not realistic.
They regress induced expenditures on autonomous expenditures and money supply and assess the relative importance of the two exogeneous variables, on the basis of t-values and beta-coefficients.