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When do Probit residuals sum to zero?
Conniffe, Denis
Probit residuals need not sum to zero in general. However, if explanatory variables are qualitative the sum can be shown to be zero for many models. Indeed this remains true for binary dependent variable models other than Probit and Logit. Even if some explanatory variables are quantitative, residuals can sum to almost zero more often than might at first seem plausible.
Keyword(s): Probits; Econometrics; Estimation theory; Probabilities
Publication Date:
Type: Journal article
Peer-Reviewed: Unknown
Language(s): English
Institution: Trinity College Dublin
Citation(s): Conniffe, Denis. 'When do Probit residuals sum to zero?'. - Economic & Social Review, Vol. 41, No. 1, Spring, 2010, pp. 77?85, Dublin: Economic & Social Research Institute
Publisher(s): Economic & Social Studies
First Indexed: 2014-05-13 05:30:24 Last Updated: 2018-08-12 06:16:03