Question

in economic decisions very variable influence every other variables in underlying assumptions of : a) specification error b) simulation equation method c) Delphi technique d ) multicollinearity​

Answer 1

Explanation:

A}. Specification error

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Answer 2

Answer:

b) simulation equation method

Explanation:

In economic decisions every variable influences every other variables in underlying assumptions of the simulation equation method. In econometrics simultaneous equation methods are used to estimate models in which multiple interdependent variables of interest are determined by equations that involve each other as well as exogenous variables. In an economic model, an exogenous variable is one whose measure is determined outside the model and is imposed on the model.