The binary dependent variable model is an example of a
A)regression model, which has as a regressor, among others, a binary variable.
B)model that cannot be estimated by OLS.
C)limited dependent variable model.
D)model where the left-hand variable is measured in base 2.

Question

Quizplus · Accepted Answer

The binary dependent variable model is an example of a limited dependent variable model, which means that the dependent variable is restricted to only a limited number of possible outcomes. It can be estimated using various methods such as logistic regression. Although it has a binary variable as one of its regressors, it does not have to be the only regressor. The model's measurement is not in base 2 but rather in the categories specified by the binary variable.

The Binary Dependent Variable Model Is an Example of a