Suppose you've been hired by your school's admissions department to help them decide whether to change admissions procedures. You are given the files of all of the students in the last graduating class (including those students who didn't graduate) and told to build a model to explain why some admitted students graduate and others don't.
(a) Specify the functional form you would use in building such a model and carefully explain why that form is appropriate.
(b) Specify the independent variables you would include in the equation and briefly explain how they apply to the dependent variable in question.
(c) Carefully explain the meaning of the coefficient of your first independent variable.

Question

Quizplus · Accepted Answer

The Answer is The appropriate functional form is the logit because of the problems with the linear probability model outlined in Section 13.1. The key to choosing independent variables is the type of variable suggested; some students will misunderstand the disaggregate nature of the variables required by such a study and will suggest variables that are constant for all observations in the dataset. Each coefficient tells the impact of a one-unit change in the independent variable in question (holding constant all the other independent variables in the equation) on the log of the odds that the person graduated. his or her

Suppose You've Been Hired by Your School's Admissions Department to Help