Estimation and Statistical Test in Bivariate Binary Probit Model
Keywords:
Bivariate binary probit model, maximum likelihood estimation, maximum likelihood ratio testAbstract
One of the models that can be used to analyze two binary response variables data is bivariate binary probit model. This paper tried to estimate the parameters of bivariate binary probit model using Maximum Likelihood Estimationmethod, whereastoget the statistical test using Maximum Likelihood Ratio Test method.
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