This paper presents methods for computing aggregate change in probabilities of a binary dependent variable from changes in distributions of independent variables in logit and linear probability models ...

James J. Heckman, Thomas E. Macurdy, A Simultaneous Equations Linear Probability Model, The Canadian Journal of Economics / Revue canadienne d'Economique, Vol. 18, No ...

In this paper, we propose a functional linear regression model in the space of probability density functions. We treat a cross-sectional distribution of individual earnings as an infinite dimensional ...

The point-in-time rating transition probability, for PD term structure for IFRS9 expected credit loss estimation and CCAR stress testing, is estimated by A forward ordinal probability model structured ...