(a) Why is the test for simultaneity the same as test for endogeneity? (b) Explain the key factors that influence the ca

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answerhappygod
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(a) Why is the test for simultaneity the same as test for endogeneity? (b) Explain the key factors that influence the ca

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(a) Why is the test for simultaneity the same as test forendogeneity?
(b) Explain the key factors that influence the categorization ofvariables into either endogenous or exogenous variables.
(c) Is it possible to develop a statistical test of exogeneityin the manner of Granger Causality Test? Explain your response.
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