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 outside variables that are not included in a model or equation. Endogenous factors are variables that are included in the model. Normative statements express an opinion or value judgment and are not relevant to this question, while positive statements are factual statements that can be tested and verified, but again not relevant to this question. The scientific method is a process for conducting research and is also not relevant to this question.

Variables That Are Not Accounted for in a Model Are