Developing Predictive Simulation Scenarios Using the Bivariate Probit Model
Year: 2025
Type: article
Abstract: This study focuses on developing simulation scenarios using the bivariate probit model. In this research, we formulate a bivariate probit model by generating two random binary variables W and W2 and a non- binary variable Z to enable us study the effect of each independent variable on the dependent variable using different scenarios. The artificial dataset is generated using the econometric software, LIMDEP 9.
Author: Okpara, Miracle Chinedum
Institution: Rivers State University
Language: English
Subfield: Statistics and Probability
Field: Mathematics
Domain: Physical Sciences
Open Access status: green
OpenAlex ID: W7104051265
FWCI:
Cites:
Cited by:
Related to: