The Assumption of "Strict Exogeneity" in a Regression Model Means

question 23

Multiple Choice

The assumption of "strict exogeneity" in a regression model means that _____.

• A)the dependent variable is binary
• B)all explanatory variables change over time
• C)the model does not include a lagged dependent variable as a regressor
• D)the model includes all relevant explanatory variables

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Definitions:

Social Exchange Theory

The view of social relationships as involving an exchange of goods, the objective of which is to minimize costs and maximize benefits.

Mere Exposure Effect

A mental effect in which individuals grow fond of things simply due to their familiarity.

Social Identity Theory

A psychological theory that examines the influence of group membership on people's self-concept and behavior with others.

Social Exchange Theory

A theoretical perspective that views social relationships as involving an exchange of goods, services, or both, seeking to minimize costs and maximize benefits.