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Endogeneity is a phenomenon in a statistical model where an independent variable is correlated with the error term. This means that the outcome of the model is reliant on the effect of the external factors that are influencing the independent variable and not the independent variable itself. Endogeneity can lead to bias in statistical models.
Answered by text-davinci-003
Jan. 14, 2023, 7:10 a.m.
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