Question: Fitted Values. Let (left.widehat{y}_{i}=pileft(mathbf{x}_{i}^{prime} mathbf{b}_{M L E} ight) ight)) denote the (i) th fitted value for the logit function. Assume that an intercept is used

Fitted Values. Let \(\left.\widehat{y}_{i}=\pi\left(\mathbf{x}_{i}^{\prime} \mathbf{b}_{M L E}\right)\right)\) denote the \(i\) th fitted value for the logit function. Assume that an intercept is used in the model so that one of the explanatory variables \(x\) is a constant equal to one. Show that the average response is equal to the average fitted value; that is, show \(\bar{y}=n^{-1} \sum_{i=1}^{n} \widehat{y}_{i}\).


Step by Step Solution

3.53 Rating (150 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

From equation 115 we know that sumi1n mathbfxileftyipileftmathbfxiprime ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Elementary Statistics A Step By Step Approach Questions!