This post focuses on one of the more curious models in contemporary statistics, a specification for proportions that is either called fractional logit or quasi-Binomial. An earlier version of this blog post had a much more negative take on the fractional logit specification.
Twitter (or what’s left of it) was recently ablaze with a discussion of two smart working papers, one by Jiafeng Chen and Jonathan Roth and the other by John Mullahy and Edward Norton.
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Introduction Limited dependent variables, or continuous variables with lower and upper bounds, are quite common in the social sciences but do not fit easily with existing statistical models.