Suppose a linear probability model yields a predicted value of (Y) that is equal to 1.3. Explain

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Suppose a linear probability model yields a predicted value of $Y$ that is equal to 1.3. Explain why this is nonsensical.

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Introduction To Econometrics

ISBN: 9780134461991

4th Edition

Authors: James Stock, Mark Watson

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Question Posted: Apr 30, 2024 02:01 AM

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Suppose a linear probability model yields a predicted value of (Y) that is equal to 1.3. Explain

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In a linear probability model the predicted values of Y should always fall wi...View the full answer

Introduction To Econometrics

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