In recent columns we showed how linear regression can be used to predict a continuous dependent variable given other independent variables 1,2. When the dependent variable is categorical, a common ...

Troy Segal is an editor and writer. She has 20+ years of experience covering personal finance, wealth management, and business news. David is comprehensively experienced in many facets of financial ...

Beside the model, the other input into a regression analysis is some relevant sample data, consisting of the observed values of the dependent and explanatory variables for a sample of members of the ...

Applied economists have long struggled with the question of how to accommodate binary endogenous regressors in models with binary and nonnegative outcomes. I argue here that much of the difficulty ...

This paper presents a method for estimating the model Λ(Y) = β'X + U, where Y is a scalar, Λ is an unknown increasing function, X is a vector of explanatory variables, β is a vector of unknown ...