Econometrics Academy - Ordered Probit and Logit Models

Use the data in LOANAPP for this exercise. The binary variable to be explained is approve, which is equal to one if a mortgage loan to an individual was approved. The key explanatory variable is white, a dummy variable equal to one if the applicant was white. The other applicants in the data set are black and Hispanic. To test for discrimination in the mortgage loan market, a linear probability model can be used: approve =β0 β1 white other factors. (i) If there is d

Interpreting the Slope & Intercept | Definition, Method & Example

Probit Model (Probit Regression): Definition

Comparing Logit and Probit Coefficients Between Nested Models

Comparing logit and probit: construct a dataset where the logit and probit nodels give different estimates.