Multiple Choice
When having a choice of which estimator to use with a binary dependent variable, use
A) probit or logit depending on which method is easiest to use in the software package at hand.
B) probit for extreme values of X and the linear probability model for values in between.
C) OLS (linear probability model) since it is easier to interpret.
D) the estimation method which results in estimates closest to your prior expectations.
Correct Answer:

Verified
Correct Answer:
Verified
Q15: In the probit model Pr(Y = 1
Q16: The major flaw of the linear probability
Q17: The following tools from multiple regression analysis
Q18: E(Y | X<sub>1</sub>, ..., X<sub>k</sub>)= Pr(Y =
Q19: In the linear probability model, the interpretation
Q21: Your textbook plots the estimated regression function
Q22: A study analyzed the probability of
Q23: (Requires Advanced material)Nonlinear least squares estimators in
Q24: Equation (11.3)in your textbook presents the regression
Q25: Your task is to model students' choice