Document Type

Article

Date

11-28-2005

Embargo Period

9-26-2012

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.

Source

local input

Creative Commons License

Creative Commons License
This work is licensed under a Creative Commons Attribution 3.0 License.

Included in

Economics Commons

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