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Introductory Econometrics 4th Edition by Jeffrey Wooldridge
Edition 4ISBN: 978-0324660609Introductory Econometrics 4th Edition by Jeffrey Wooldridge
Edition 4ISBN: 978-0324660609 Exercise 4
In Example 7.12, we estimated a linear probability model for whether a young man was arrested during 1986: 
(i) Estimate this model by OLS and verify that all fitted values are strictly between zero and one. What are the smallest and largest fitted values
(ii) Estimate the equation by weighted least squares, as discussed in Section 8.5.
(iii) Use the WLS estimates to determine whether avgsen and tottime are jointly significant at the 5% level.
(i) Estimate this model by OLS and verify that all fitted values are strictly between zero and one. What are the smallest and largest fitted values
(ii) Estimate the equation by weighted least squares, as discussed in Section 8.5.
(iii) Use the WLS estimates to determine whether avgsen and tottime are jointly significant at the 5% level.
Explanation
Verified
Verified
(i)
Estimate the model given by: 
The re...
Introductory Econometrics 4th Edition by Jeffrey Wooldridge
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