SOME ASPECTS OF SPECIFIKATION OF LINEAR PROBABILITY MODEL
Journal Title: Acta Economica - Year 2003, Vol 2, Issue 1
Abstract
In many situations dependent variable in a regression equation is not continual, but discrete choice. Modeling in such situations includes cases when dependent variable takes only two values as well as cases when the choice has to be made between few possibilities. All the models can be basically classified as linear and nonlinear. The linear probability model allows simple estimation of the parameters and interpretation of the results. Besides the model with dichotomous dependent variable, in the article is presented the model with replicated data and the model with polytomous dependent variables.
Authors and Affiliations
Јасмин Комић, PhD, Милан Божић
The Future of the Euro and Challenges for the Western Balkans
The creation of the euro in 1999 was celebrated as one of the most important events in the European history in the 20th century. Expectations about an increase in welfare were enormous. However, all started to go downhil...
Theoretical aspects of concession as an economico-legal category
Contemporary processes of globalization and internationalization of national economies, as well as strengthening of trends of integrations on a regional scale mean that some huge infrastructural investments are necessary...
Limited liabilities option valuation model
Limited liabilities are ofen viewed as the valuable protection of personal property to the investors in equity instruments. Tere are several approaches for valuing limited liabilities. One of them is value of insurance,...
Determinants of the venture capital
In this paper I will briefly discuss and explain my theory and logic behind the determinants of VC financing that I consider most relevant. It is important to understand how they relate to the provision of venture financ...
Beta controversies
The subjects of this paper are controversies about beta coefficient. Paper discussed problems with historical estimation of beta, as well time length of sample as choosing market index. In addition paper showed simplifie...