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→See also: Tobit model#Dynamic unobserved effects tobit model |
→Formulation: clarify binary |
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==Formulation==
A typical dynamic unobserved effects model with a [[binary data|binary]] dependent variable is represented<ref>Wooldridge, J. (2002): Econometric Analysis of Cross Section and Panel Data, MIT Press, Cambridge, Mass, pp 300.</ref> as:
:<math>P(y_{it} = 1 \mid y_{i,t-1}, \dots , y_{i,0}, z_i, c_i) = G (z_{it} \delta + \rho y_{i,t-1} + c_i)</math>
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