Variables that are NOT accounted for in a model are called
A) endogenous factors.
B) exogenous factors.
C) normative statements.
D) positive statements.
E) the scientific method.

Question

Quizplus · Accepted Answer

Exogenous factors are variables that are outside of the model and are not accounted for. Endogenous factors are variables within the model and are accounted for. Normative and positive statements refer to value judgments and descriptive statements, respectively, and are not related to the inclusion or exclusion of variables in a model. The scientific method is a general approach to conducting research and is not specific to modeling.

Variables That Are NOT Accounted for in a Model Are