When a Variable Is Determined by a Factor Outside of the Function

question 13

Multiple Choice

When a variable is determined by a factor outside of the function or model being evaluated, it is said to be

• A)endogenous.
• B)exogenous.
• C)unexplained.
• D)statistically insignificant.

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Definitions:

Centered Moving Averages

A sequence of averages derived from successive segments of a set of numbers, calculated by placing the average directly in the center of the time period it covers.

Quarterly Enrollments

The number of individuals who enroll or register in a program or institution during a specific quarter of the year.

Business Statistics

The application of statistical methods and techniques to business data for the purpose of making informed decisions.

Moving Average

An analytical technique that examines trends by calculating averages from various segments of the entire data set.