Linear Probability Model.

The Linear Probability Model (LPM) is a statistical model used in econometrics to estimate the probability of a binary (dichotomous) dependent variable. Here are some key points about the Linear Probability Model:

1. Binary Dependent Variable: The Linear Probability Model is employed when the dependent variable of interest takes on ____ ___ __________ __________ ____ ______ ____ _________ _________ ______ ______ __________.
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