The Concept of Exogeneity Is Important Because

question 44

Multiple Choice

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• B)maximum likelihood estimation is no longer valid.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.

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Definitions:

Behavioural Disorder

A type of disorder that involves a pattern of disruptive behaviours in children and adults that last for at least six months and cause problems in school, work, or social relationships.

Mood Disorder

An altered mood state severe enough to interfere with a person’s social and occupational functioning (for example, ability to work or go to school) and whose range of symptoms is not limited to the person’s feelings, but affects other bodily and behavioural systems as well.

Childhood-Onset

Referring to disorders or conditions that begin during the childhood years of an individual's development.

Adult-Onset

A term used to describe conditions or diseases that appear for the first time or are first diagnosed in adulthood.