Use the data in EXTRAMARITAL.XLS and statistical software to estimate a linear probability model where EXTRA is
Question:
Use the data in EXTRAMARITAL.XLS and statistical software to estimate a linear probability model where EXTRA is explained by a constant term, AGE, HPPYM, RELIG, and YRSMAR.
EXTRA = 1 if person participated in an extramarital affair in the past year; 0 otherwise AGE = the age of the person HPPYM = person’s perception of their marital happiness (1 = very unhappy; 5 = very happy)
RELIG = person’s perception of their religiousness (1 = very unreligious; 5 = very religious)
YRSMAR = years married (A) Interpret all 5 structural parameters.
(B) What is the probability that a 52-year-old person married for 27 years had an extramarital affair last year? Assume the person’s RELIG = 2 and HAPPYM = 3.
Step by Step Answer:
Essential Econometric Techniques A Guide To Concepts And Applications
ISBN: 9781032101217,9781000538588
3rd Edition
Authors: Elia Kacapyr