The constant is insignificant
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The constant is insignificant
Is it ok for a probit model that the constant or "C" is insignificant?
Re: The constant is insignificant
startz wrote:Sure.
Thanks Startz.
Re: The constant is insignificant
If in probit model I have constant (or "C") insignificant, am I allowed to exclude it from the model?
Is it fine?
Is it fine?
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Re: The constant is insignificant
In general, no.
Re: The constant is insignificant
How do I process with a insignificant constant when I want to get the predicted probability of a certain event? Will I use the value of the constant to calculate the predicted probability as well as all slope values along with their observed (out of sample) x values?
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