The major flaw of the linear probability model is that
A) the actuals can only be 0 and 1, but the predicted are almost always different from that.
B) the regression R2 cannot be used as a measure of fit.
C) people do not always make clear-cut decisions.
D) the predicted values can lie above 1 and below 0.
Ans: D) the predicted values can lie above 1 and below 0.
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According to this Application, in exchange for the federal government absolving their debts, the states were willing to give up their ability to raise revenue from collecting
A) property taxes. B) income taxes. C) import tariffs. D) all of the above.
Monetarists argue that aggregate demand is
A) vertical. B) horizontal. C) relatively unaffected by autonomous spending shifts. D) relatively unaffected by changes in the money supply.
When the process of entry and exit has ended in a competitive market, are firms' profits positive, negative, or zero?
An equilibrium in both the nation's money market and product market is referred to as a ________ equilibrium
Fill in the blank(s) with correct word