For the linear probability model y = β₀ + β₁x + ε, the predictions made by = b₀ + b₁x can be always interpreted as probabilities.

Name: For the linear probability model y = β 0 + β 1 x + ε, the predictions made by = b 0 + b 1 x can be always interpreted as probabilities.
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The Answer of For the linear probability model y = β₀ + β₁x + ε, the predictions made by = b₀ + b₁x can be always interpreted as probabilities.

For the Linear Probability Model Y = β0 + β1x

For the Linear Probability Model Y = β₀ + β₁x