Linear probability model: Difference between revisions

Content deleted Content added
No. It's useful by itself. I just searched and found it.
mNo edit summary
Line 7:
One situation where the linear probability model is commonly used, is when the data set is so large that [[maximum likelihood]] estimation of a logit or probit model is computationally difficult. For the linear probability model, <math> E[Y|X] = Pr(Y=1|X) =x'\beta</math>, so the parameter <math> \beta </math> can be estimated using [[least squares]].
 
[[Category:econometrics]]Regression [[Category:statisticsanalysis]]