Question: Refer to the data given in the following table. If YÌ i is negative, assume it to be equal to 0.01 and if it is

Refer to the data given in the following table. If Ŷiis negative, assume it to be equal to 0.01 and if it is greater than 1, assume it to be equal to 0.99. Recalculate the weights wiand estimate the LPM using WLS. Compare your results with those given in Eq. (15.2.11) and comment.

Y; Y; 1.301t -0.129* 0.688 0.2146 0.4633 0.688 0.2147 0.4633 0.0956 1 0.893 0.3091 0.280 0.2016 0.4990 0.178 0.1463 0.38

Y; Y; 1.301t -0.129* 0.688 0.2146 0.4633 0.688 0.2147 0.4633 0.0956 1 0.893 0.3091 0.280 0.2016 0.4990 0.178 0.1463 0.3825 0.178 0.1463 0.3825 0.2016 0.4490 0.280 0.688 0.2147 0.4633 0.995 1.098t 0.00498 0.0705 0.178 0.1463 0.3825 1.097t 0.893 0.3091 0.3825 0.382 0.2361 0.4859 0.0956 -0.0265* 0.178 0.1463 0.076 0.0702 0.2650 0.076 0.0702 0.2650 0.791 0.1653 0.4066 0.791 0.1653 0.4055 0.0956 1 0.893 0.3091 0.382 0.2361 0.4859 1.199t 1.097t 0.484 0.2497 0.4997 1 1.097t -0.333* 0.178 0.1463 0.3825 -0.129* 0.995 0.00498 0.0705 1 0.688 0.2147 0.4633 0.791 0.1653 0.4066 0.0702 0.688 0.076 0.2650 0.2147 0.4633 -0.231* 0.791 -0.129* 0.4066 0.893 0.0956 0.3091 0.1653

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