The Population Logit Model of the Binary Dependent Variable Y

question 13

Essay

The population logit model of the binary dependent variable Y with a single regressor is
Pr(Y=1 X1)= .
Logistic functions also play a role in econometrics when the dependent variable is not a binary variable.For example,the demand for televisions sets per household may be a function of income,but there is a saturation or satiation level per household,so that a linear specification may not be appropriate.Given the regression model
Yi = + ui,
sketch the regression line.How would you go about estimating the coefficients?

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Definitions:

Self-Schema

The cognitive structure hypothesized to contain a person’s self-knowledge and to direct self-relevant thought.

Explicit Self-Knowledge

Information that an individual consciously knows and can articulate about themselves, such as beliefs, preferences, and memories.

Personality Traits

Enduring characteristics or behaviors that distinguish one individual from another and can predict their reactions in various situations.

Procedural Self-Knowledge

The understanding and awareness of how to perform certain actions or tasks, often considered a component of implicit or unconscious knowledge about oneself.