The Following Estimation Methods Should Not Be Used to Test $X _ { \mathrm { i } }$

question 13

Multiple Choice

The following estimation methods should not be used to test for randomization when $X _ { \mathrm { i } }$ is binary:

• A) linear probability model (OLS) with homoskedasticity-only standard errors.
• B) probit.
• C) logit.
• D) linear probability model (OLS) with heteroskedasticity-robust standard errors.

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Definitions:

External Benchmarking

The process of comparing a company’s performance, products, or processes against those of other leading companies, typically outside one’s own industry.

Retailing Strategies

Approaches taken by retailers to attract customers, increase sales, and gain competitive advantage in the market.

Means-Ends Chain

A conceptual framework linking consumer behavior with their personal values, where products or services are seen as a means to achieving ultimate life goals or ends.

Lower-Level Objectives

Specific, operative goals that are set to achieve more strategic, higher-level goals within an organization, often short-term and tactical.