This paper describes and contrasts two useful ways to employ a latent class variable as a mixture variable in regression analyses of panel data with a categorical dependent variable. One way is to ...

Applied economists have long struggled with the question of how to accommodate binary endogenous regressors in models with binary and nonnegative outcomes. I argue here that much of the difficulty ...

Linear regression is a powerful and long-established statistical tool that is commonly used across applied sciences, economics and many other fields. Linear regression considers the relationship ...

Now that you've got a good sense of how to "speak" R, let's use it with linear regression to make distinctive predictions. The R system has three components: a scripting language, an interactive ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Suzanne is a content marketer, writer, and ...

Linear models, generalized linear models, and nonlinear models are examples of parametric regression models because we know the function that describes the relationship between the response and ...