We are interested in the ordered probit model. Our data consist of 250 observations, of which the
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We are interested in the ordered probit model. Our data consist of 250 observations, of which the response are Using the preceding data, obtain maximum likelihood estimates of the unknown parameters of the model.
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y n 01 50 40 45 80 2 3 4 35
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Since there is no regressor we may write the loglikeliho...View the full answer
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