منابع مشابه
Misspecification and Heterogeneity in Binary Choice Models
We address function misspecification and model heterogeneity, two critical issues in empirical work. A nonparametric approach is proposed for single-index, binary-choice models when parametric models such as Probit and Logit are potentially misspecified. The new approach involves two steps: first, we estimate index coefficients using sliced inverse regression without knowing the conditional pro...
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In this paper we demonstrate that standard methods of asymptotic inference will break down in a binary choice duration model in a time series setting. This comes about because the dependent variable has a degenerate limit distribution, which makes the asymptotic variance-covariance matrix singular. This result has implications for discrete choice duration panel data models under large N and T a...
متن کاملTesting predictive performance of binary choice models
Binary choice models occur frequently in economic modeling. A measure of the predictive performance of binary choice models that is often reported is the hit rate of a model. This paper develops a test for the outperformance of a predictor for binary outcomes over a naive prediction method, which predicts the outcome that is most often observed. This is done for a general class of prediction mo...
متن کاملSelective Sampling for Binary Choice Models
Journal of Marketing Research Vol. XL (November 2003), 492–497 *Bas Donkers is an assistant professor (e-mail: [email protected]); Philip Hans Franses is Professor of Marketing Research, Econometric Institute (e-mail: [email protected]); and Peter C. Verhoef is an assistant professor (e-mail: [email protected]), Department of Marketing and Organization, Erasmus University, Rotterdam. The aut...
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Though binary choice and multiple choice models have been a popular tool of microeconometrics for many years, there are macroeconomic time series that are connected with discrete decisions of authorities. Therefore it is very important to develop an appropriate tool for statistical inference for such macroeconomic time series. Macroeconomic continuous time series may be stationary as well as in...
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ژورنال
عنوان ژورنال: Journal of Econometrics
سال: 1974
ISSN: 0304-4076
DOI: 10.1016/0304-4076(74)90027-x