Basic Econometrics 5th Edition by Damodar Gujarati,Dawn Porter

تمرين 2

For the home ownership data given in Table 15.1, the maximum likelihood estimates of the logit model are as follows:
Comment on these results, bearing in mind that all values of income above 16 (thousand dollars) correspond to Y = 1 and all values of income below 16 correspond to Y = 0. A priori, what would you expect in such a situation