The Major Flaw of the Linear Probability Model Is That $R ^ { 2 }$

Short Answer

The major flaw of the linear probability model is that a. the actuals can only be 0 and 1 , but the predicted are almost always different from that.
b. the regression $R ^ { 2 }$ cannot be used as a measure of fit.
c. people do not always make clear-cut decisions.
d. the predicted values can lie above 1 and below 0 .