Probit and logit models - labour force participation
Explaining LFPi of the Mroz data involves using probit and logit models.
We need to give thought to which variables make labour force participation
more or less likely. There is an
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SUM MARY OUTPUT
Multiple R 056938199
R Square 032419585
Adjusted R Sq 0.29543823
Standard Erro 0.00429494
df 55 MS
Regression 2 0.00041591 0.00020795
Residual 47 0.000866% 1.8447 E-05
Total 49 0.0012829