Suppose that a linear probability model is to be fit to a set of observations on a

Question:

Suppose that a linear probability model is to be fit to a set of observations on a dependent variable y that takes values zero and one, and a single regress or x that varies continuously across observations. Obtain the exact expressions for the least squares slope in the regression in terms of the mean(s) and variance of x, and interpret the result.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Econometric Analysis

ISBN: 978-0130661890

5th Edition

Authors: William H. Greene

Question Posted: