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The Major Shortcoming of the General Linear Probability Model Y

Question 113

Multiple Choice

The major shortcoming of the general linear probability model y = β0 + β1x1 + β2x2 + … + βkxk+ ε,is that the predicted values of y can be sometimes _______________________.


A) greater than 0 and less than 1
B) at least 0 and no more than 1
C) less than 1 but more than 0
D) less than 0 or greater than 1

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