What is the linear probability model?
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[GET ANSWER] Consider a binary response variable y and two explanatory variables x1 and x2. The following table contains the parameter estimates of the linear probability model (LPM) and the logit model, with the associated p-values shown in parentheses.VariableLPMLogitConstant-0.50-1.900.02 (0.06)0.260.99x1(0.06)(0.06)-0.06-0.30x2(0.01)(0.04)a. At the 5% significance level, comment on the significance of the variables for both models.VariableLPMLogitx1(Click to select)(Click to select)x2(Click
[GET ANSWER] Consider a binary response variable y and two expla…
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