Browsing by Author "Bergtold, Jason S."
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- Bernoulli Regression Models: Revisiting the Specification of Statistical Models with Binary Dependent VariablesBergtold, Jason S.; Spanos, Aris; Onukwugha, Eberechukwu (Elsevier, 2010)The latent variable and generalized linear modelling approaches do not provide a systematic approach for modelling discrete choice observational data. Another alternative, the probabilistic reduction (PR) approach, provides a systematic way to specify such models that can yield reliable statistical and substantive inferences. The purpose of this paper is to re-examine the underlying probabilistic foundations of conditional statistical models with binary dependent variables using the PR approach. This leads to the development of the Bernoulli Regression Model, a family of statistical models, which includes the binary logistic regression model. The paper provides an explicit presentation of probabilistic model assumptions, guidance on model specification and estimation, and empirical application.