In a Simultaneous Equations Model, If Any Variable Is Determined

question 6

Multiple Choice

In a simultaneous equations model, if any variable is determined outside of the model, then it is considered a(n) :​

• A)​endogenous variable.
• B)​random variable.
• C)​exogenous variable.
• D)​error variable.

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Definitions:

Reliable

Pertaining to the consistency and dependability of something or someone, particularly in performing functions or yielding results.

Consistent

indicates uniformity in actions or outcomes over a period of time, often used to describe reliability and predictability in performance or results.

Criterion Contamination

This occurs when a performance appraisal contains factors unrelated to actual job performance, potentially skewing the evaluation.

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