Lecture

Model Specification: The Error Term

Description

This lecture covers the binary choice model with two alternatives and the specification of the error term. It discusses assumptions about random variables, the mean, variance, and distribution of error terms, as well as alternative specific constants, shift invariance, scale invariance, and the Extreme Value distribution. The properties of the Extreme Value distribution, logistic distribution, and the binary logit model are also explained.

In MOOCs (2)

Instructor

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Official source

https://mediaspace.epfl.ch/media/0_2z58zfjc

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Ontological neighbourhood

Statistics

Statistical inference: Mathematical statistics

Data analysis: Regression analysis, Survival analysis

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