Exogenous Variable/Examples
Jump to navigation
Jump to search
Examples of Exogenous Variables
An example of an exogenous variable is the occurrence and quantity of rainfall.
Depending on the economic model under analysis, it may be the case that the demand for certain products, for example, may be affected by the weather.
Sources
- 1998: David Nelson: The Penguin Dictionary of Mathematics (2nd ed.) ... (previous) ... (next): endogenous variables
- 2008: David Nelson: The Penguin Dictionary of Mathematics (4th ed.) ... (previous) ... (next): endogenous variables