The major shortcoming of the general linear probability model y = β₀ + β₁x₁ + β₂x₂ + … + β_kx_k+ ε,is that the predicted values of y can be sometimes _______________________. A) greater than 0 and less than 1 B) at least 0 and no more than 1 C) less than 1 but more than 0 D) less than 0 or greater than 1

Question

Quizplus · Accepted Answer

The general linear probability model can predict probabilities that fall outside the valid range of 0 to 1, which is not meaningful for probability values.

The Major Shortcoming of the General Linear Probability Model Y