When Having a Choice of Which Estimator to Use with a Binary

question 20

Multiple Choice

When having a choice of which estimator to use with a binary dependent variable, use

• A)probit or logit depending on which method is easiest to use in the software package at hand.
• B)probit for extreme values of X and the linear probability model for values in between.
• C)OLS (linear probability model)since it is easier to interpret.
• D)the estimation method which results in estimates closest to your prior expectations.

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Definitions:

Piaget

A Swiss developmental psychologist best known for his theory of cognitive development that describes how children develop logical thinking over time.

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Imaginative play where children create scenarios and roles that mimic real life or fantastical situations.

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A small horse breed with a distinctive gentle disposition and sturdy build, often used for riding and educational purposes.