Question
Table 1 : Predicted Probability of Supporting the ACA LPM(model 1) Probit(model 2) Logit(model 3) Democrat, No Insurance, Nonwhite 0.5643381 0.5130235 0.5323532 Democrat=0, Insurance=1, Nonwhite=0
Table 1: Predicted Probability of Supporting the ACA | |||
LPM(model 1) | Probit(model 2) | Logit(model 3) | |
Democrat, No Insurance, Nonwhite | 0.5643381 | 0.5130235 | 0.5323532 |
Democrat=0, Insurance=1, Nonwhite=0 | 0.2282012 | 0.2253783 | 0.2256119 |
- What do you conclude about the predicted probabilities for all three models for both individuals?
- Which model is best and why?
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Calculus Early Transcendentals
Authors: James Stewart
7th edition
538497904, 978-0538497909
