In other words, an endogenous variable is synonymous with a dependent variable, meaning it correlates with other factors within the system being studied.

For example, the dependent variable could be a firm’s stock price and the independent variables could be the Standard and Poor’s (S&P) 500 Index and the national unemployment rate, assuming ...

Id: 037120 Credits Min: 3 Credits Max: 3 Description. The estimation of empirical models is essential to public policy analysis and social science research. Ordinary Least Squares (OLS) regression ...