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Dummy Dependent Variable The Linear Probability Model (LPM) Problems in Estimation of LPM LPM: A Numerical Example Applications of LPM Alternatives to LPMThe Logit ModelEstimation of the Logit ModelThe Logit Model: A Numerical ExampleThe Logit Model: Illustrative Example The Probit ModelT
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1. The Nature of Dummy Variables
Regression on One Quantitative Variable and One Qualitative Variable with Two Classes, or Categories
Regression on One Quantitative Variable and One Qualitative Variable with More than Two Classes
Regression on One Quantitative Variable and Two Qualitative Variable
Example 15.3: The Economics of Moonlighting
Testing for Structural Stability of Regression Models: Basic Ideas
Comparing Two Regression: The Dummy Variable Approach
Comparing Two Regressions: Further Illustration
Interaction Effects
The Use of dummy Variables in Seasonal Analysis
Some Technical Aspects of Dummy Variable in Technique
Topics for Further Study
Summary and Conclusions 15- Regression on Dummy Variables
2. Dummy Dependent Variable
The Linear Probability Model (LPM)
Problems in Estimation of LPM
LPM: A Numerical Example
Applications of LPM
Alternatives to LPM
The Logit Model
Estimation of the Logit Model
The Logit Model: A Numerical Example
The Logit Model: Illustrative Example
The Probit Model
The Probit Model: A Numerical Example
The Probit Model: Example 16.5
The Tobit Model
Summary and Conclusions 16- Regression on Dummy Dependent Variable:The LPM, Logit, Probit, and Tobit Models
3. The Role of Time or Lag in Economics
The Reasons for Lags
Estimation of Distributed-Lag Models
The Koyck Approach to Distributed-lag Models
Rationalization of the Koyck Model: The Adaptive Expectations Model
Another Rationalization of the Koyck Model : The Stock Adjustment, or Partial Adjustment, Model
Combination of Adaptive Expectations and Partial Adjustment Models
Estimation of Autoregressive Models
The Method of Instrumental Variables (IV)
Detecting Autocorrelation in Autoregressive Models: Durbin h Test
A Numerical Example: The Demand for Money in India
Illustrative Examples
The Almon Approach to Distributed-Lag Models: The Almon or Polynomial Distributed Lag (PDL)
Causality in Economics: The Granger Test
Summary and Conclusions 17- Dynamic Econometric Model: Autoregressiveand Distributed-Lag Models