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st: RE: linear probab model
Leopold Remi Sarr
> Does anyone know how to test that a linear probability
> model correctly
> represents the data. Idem for a probit. Thanks for your help,
I'd like to know what a correct representation
of the data is. In one sense, only the data
preserve the data.
Nevertheless here is one suggestion:
if the predictions from a linear probability
model go outside [0,1] within the observed
range of the data, think again.
However, as this is the standard objection
to said model rehearsed in every text,
I suspect you seek a much deeper answer.
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