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Selected Works of William C Horrace
Article
Results on the Bias and Inconsistency of Ordinary Least Squares for the Linear Probability Model
Economics - All Scholarship
  • William C Horrace, Syracuse University
  • Ronald L. Oaxaca, University of Arizona
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Document Type
Article
Date
11-28-2005
Keywords
  • consistency,
  • unbiased,
  • lpm,
  • ols
Disciplines
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 Attribution 3.0
Citation Information
William C Horrace and Ronald L. Oaxaca. "Results on the Bias and Inconsistency of Ordinary Least Squares for the Linear Probability Model" (2005)
Available at: http://works.bepress.com/horrace/9/