The concept of exogeneity is important because
A)it clarifies whether or not the variable is determined inside or outside your model.
B)maximum likelihood estimation is no longer valid.
C)under strict exogeneity, OLS may not be efficient as an estimator of dynamic causal effects.
D)endogenous variables are not stationary, but exogenous variables are.

Question

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The Answer of The concept of exogeneity is important because
A)it clarifies whether or not the variable is determined inside or outside your model.
B)maximum likelihood estimation is no longer valid.
C)under strict exogeneity, OLS may not be efficient as an estimator of dynamic causal effects.
D)endogenous variables are not stationary, but exogenous variables are.

The Concept of Exogeneity Is Important Because