M WuNote: 0413Tobin’s modelTobit model is used if the dependent variable is limited to a certain interval. What is more, we observe many observations for which the…5 min read·May 25, 2021----
M WuNote: 0330Count data modelsIf x_k is not in logarithm, then parameter β_k is semielasticity. If x_k is in logarithm, then parameter β_k is elasticity.4 min read·May 24, 2021----
M WuNote: 0323Unordered choice modelsMultinomial logit model (when we have info of individual only) Independece of Irrelevant Assumption (IIA)5 min read·Apr 15, 2021----
M WuNote: 0316Ordered Choice ModelsDependent variable, Discrete, More than two levels Assume: 1. yi takes values in the set {0,1,2,…,J}, where J is a known constant. 2. yi…3 min read·Apr 13, 2021----
M Wu0309Binary Dependent VariablesModels with Binary Dependent Variable 1. Logit 2. Probit (results are similar)4 min read·Apr 12, 2021----