By what criteria will you choose the best model

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Reference no: EM131530079

Question: Consider a model with a zero-one dependent variable. You have a multiple regression program and a program for the logit and probit models. You have computed the coefficients of the linear probability model and the logit and probit models:

(a) How will you transform the coefficients of the three models so that they are comparable?

(b) How will you compute the R₂s for the three models?

Reference no: EM131530079

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