Timeline for Linear Probability Model, General Formulation, Pedantic Question
Current License: CC BY-SA 4.0
3 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| Nov 5, 2022 at 7:35 | comment | added | Tim | @ECON10105 you can't. You need to have such $X$’s and $\beta$’s that it's not possible. Only for such a case the model makes sense. | |
| Nov 4, 2022 at 19:50 | comment | added | ECON10105 | So for the sake of illustration, if I were to simulate observations from the DGP, how would I draw observations of Y after drawing values of $\mathbf x_i\boldsymbol\beta$ if some probabilities fall outside the unit interval? Or is this not even possible, and the LPM is inherently misspecified? | |
| Nov 4, 2022 at 18:21 | history | answered | Tim | CC BY-SA 4.0 |