You want to model the probability p of an individual being employed (i.e. Emp = 1 if individual is employed and Emp = 0 otherwise) as a function of the individual’s age (i.e. Age), gender (i.e. M ale = 1 if the person is male, and M ale = 0 if female), education (i.e. Degree=1 if the person has degree, and Degree = 0 if the person has no degree) and the interaction between gender and degree. Write down and describe the Logit model you would formulate in this case.
You want to model the probability p of an individual being employed (i.e. Emp = 1 if individual is employed and Emp = 0 otherwise) as a function of the individual’s age (i.e. Age), gender (i.e. M ale = 1 if the person is male, and M ale = 0 if female), education (i.e. Degree=1 if the person has degree, and Degree = 0 if the person has no degree) and the interaction between gender and degree. Write down and describe the Logit model you would formulate in this case.
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter10: Sequences, Series, And Probability
Section10.8: Probability
Problem 47E
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You want to model the probability p of an individual being employed (i.e. Emp = 1 if individual is employed and Emp = 0 otherwise) as a
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