Refer to the data given in the following table. If YÌ i is negative, assume it to

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Refer to the data given in the following table. If YÌ‚iis 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

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Basic Econometrics

ISBN: 978-0073375779

5th edition

Authors: Damodar N. Gujrati, Dawn C. Porter

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