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Exogenous variable |
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Exogenous variable A variable whose value is determined outside the model in which it is used. Related: Endogenous variable How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Independent variables in the model, denoted by the vector X, include all exogenous variables in the descriptive equation (benefits and the vector Z), plus a set of identifying variables discussed below. Specifically, two regressions were conducted assessing the contribution from each exogenous variable to each endogenous variable. Among the exogenous variables, only a relatively small number significantly affect the long-term projections of the value of GDP and its demand |
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