To compare the conclusions of a model with what actually happens,historical data are entered into the model as ________.
A)endogenous variables
B)exogenous variables
C)equations
D)predictions
E)policies

Question

Quizplus · Accepted Answer

Exogenous variables are the external, uncontrollable factors that influence a model. Historical data would fall under this category because it cannot be changed or controlled by the model. Endogenous variables, on the other hand, are internal variables that are influenced by the other variables in the model. Equations are the mathematical relationships between variables in the model. Predictions are the outcomes generated by the model based on the input variables. Policies are the actions or decisions implemented based on the insights provided by the model.

To Compare the Conclusions of a Model with What Actually