Do you think that your model has explanatory power

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Reference no: EM13499715

This file contains data on three variables, y_i, x_2i and x_3i. y_i, is a binary variable that takes values of 1 or 0 only.
Estimate a probit model in which y, is the dependent variable and x_2i, and x_3i, are explanatory variables.
(a) Enter the value of McFadden's pseudo-R2 in the box below (rounded to 3 decimal places).

(b) Use a likelihood ratio test with a 5% significance level to test the joint null hypothesis that x_2i, and x_3i, may both be omitted from the model. Enter the value of the test statistic in the box below (rounded to 3 decimal places).

Reference no: EM13499715

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