Answer:
a parameter is fixed over time, while an exogenous variable is allowed to change over time.
Explanation:
A parameter can be defined as a value that can be passed to a function. Thus, a parameter refers to a value that must be passed into a function, subroutine or procedure when it is called.
This value can be passed to a function either by reference or by value.
Basically, parameters can serve as a model for a function; when used as an input, such as for passing a value to a function and when used as an output, such as for retrieving a value from the same function.
A variable can be defined as a placeholder or container for holding a piece of information that can be modified or edited. Thus, a variable stores information which is passed from the location of the method call directly to the method that is called by the program.
An exogenous variable can be defined as a that's independent of other variables in a system i.e it's not affected by other variables.
This ultimately implies that, the difference between a parameter and an exogenous variable is that a parameter is fixed over time, while an exogenous variable is allowed to change over time and as such it has a relationship with other variables in a system.
Zebulon Pike, the U.S. Army officer who in 1805 led an exploring party in search of the source of the Mississippi River, sets off with a new expedition to explore the American Southwest. Pike was instructed to seek out headwaters of the Arkansas and Red rivers and to investigate Spanish settlements in New Mexico.
Hi Bentley
Converting terminology via computers is called a Cryptography
I hope that's help !
