Multiple Choice
Which of the following is a drawback of using LPM models?
A) LPM models cannot handle dichotomous dependent variables.
B) LPM fitted values do not always fall within the range of 0 and 1.
C) LPM models require us to assume errors are normally distributed.
D) LPM models are complicated to interpret.
Correct Answer:
Answered by ExamLex AI
Correct Answer:
Answered by ExamLex AI
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