About this document
Limited Dependent Variable Models Overview by Aqina Soares is a document available to read on EtoBox.
The document summarizes different limited dependent variable models including binary response models like probit and logit. It discusses how probit and logit address limitations of the linear probability model by using non-linear cumulative distribution functions. Maximum likelihood estimation is introduced as the preferred method for estimating probit and logit models due to their non-linear nature. The document also describes how probit and logit can be derived from an underlying latent variable model.
- Author
- Aqina Soares
- Language
- EN