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Alternative Multivariate Tests in Limited Dependent Variable Models: An Empirical Assessment

Published online by Cambridge University Press:  06 April 2009

F. Jerry Ingram  and
Emma L. Frazier
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Extract

Recently, a debate has developed in both the theoretical and applied statistical literature regarding the appropriateness of various techniques in analytical models with limited (particularly, 0-1) dependent variables. In financial research, limited dependent variable models usually arise in one of two ways:

1. classification (or discrimination)--assigning observations to discrete, a priori determined groups, or

2. regression--relating a qualitative dependent variable to one or more independent variables (which may or may not be qualitative).

Type
Research Article
Information
Journal of Financial and Quantitative Analysis , Volume 17 , Issue 2 , June 1982 , pp. 227 - 240
Copyright
Copyright © School of Business Administration, University of Washington 1982

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References

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