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The following table contains the parameter estimates of the linear probability model and the logistic regression model. When considering a binary response variable y and
The following table contains the parameter estimates of the linear probability model and the logistic regression model. When considering a binary response variable y and two predictor variables, x1 and x2, what is the predicted probability implied by the logistic regression model for x1 = 2 with x2 = 15? (Hint: for logit, the model is = exp(b0+b1x1+b2x2)1+exp(b0+b1x1+b2x2).exp0+11+221+exp0+11+22. )
Variable | Linear Probability | Logistic |
---|---|---|
Intercept | 0.74 | 3.60 |
x1 | 0.52 | 1.13 |
x2 | 0.02 | 0.32 |
a. 0.002
b. 0.006
c. 0.005
d. 0.838
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