When the Dependent Variable Is Binary and There Are Several

question 58

Multiple Choice

When the dependent variable is binary and there are several independent variables that are metric,in addition to two-group discriminant analysis all of the following models can be used except ________.

• A) multiple discriminant analysis
• B) the probit model
• C) the logit model
• D) OLS regression

---

Definitions:

Stock Variable

A variable measured at a specific point in time, representing a quantity that exists or is accumulated, such as a country's debt or a company's inventory.

Labor

The human effort, both physical and mental, used in the production process.

Capital

Financial assets or the financial value of assets, such as cash and securities; also, factories, machinery, and equipment used to produce goods or services.

Production Outcomes

Production outcomes refer to the results of the production process, quantified in terms of quantity, quality, and efficiency of the goods or services produced.