Estimating an OLS Model on a Binary Dependent Variable Will

question 8

True/False

Estimating an OLS model on a binary dependent variable will never result in predicted values of the dependent variable that are less than 0 or greater than 1.

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Definitions:

Microscope

An optical instrument used for viewing very small objects, such as mineral sections or cells, typically magnified several hundred times.

Suffix

A morpheme added at the end of a word to form a derivative or change its meaning.

Adhesion

The process by which two surfaces are held together by physical or chemical means; also refers to the abnormal sticking together of tissues in the body.

Process

A series of actions or steps taken in order to achieve a particular end.