Consider a model with a zero-one dependent variable. You have a multiple regression program and a program for the logit and probit models. You have computed the coefficients of the linear probability model and the logit and probit models: (a) How will you transform the coefficients of the three models so that they are comparable? (b) How will you compute the R^2 's for the three models? (c) By what criteria will you choose the best model? | Numerade
Consider a model with a zero-one dependent variable. You have a m…
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