Title
Results on the Bias and Inconsistency of Ordinary Least Squares for the Linear Probability Model
Document Type
Article
Date
11-28-2005
Keywords
consistency, unbiased, lpm, ols
Disciplines
Economics
Description/Abstract
This note formalizes bias and inconsistency results for ordinary least squares (OLS) on the linear probability model and provides sufficient conditions for unbiasedness and consistency to hold. The conditions suggest that a "trimming estimator" may reduce OLS bias.
Recommended Citation
Horrace, William C. and Oaxaca, Ronald L., "Results on the Bias and Inconsistency of Ordinary Least Squares for the Linear Probability Model" (2005). Economics - All Scholarship. 10.
https://surface.syr.edu/ecn/10
Source
local input
Creative Commons License
This work is licensed under a Creative Commons Attribution 3.0 License.
