When do Probit residuals sum to zero?
Item Type:Journal Article
Citation: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
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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.
Description:Paper delivered at the Twenty-Third Annual Conference of the Irish Economic Association, Blarney, Co Cork, April 24-26, 2009
Author: Conniffe, Denis
Publisher:Economic & Social Research Institute
Type of material:Journal Article
Availability:Full text available