When Do Probit Residuals Sum to Zero?

Probit residuals need not sum to zero in general. However, if explanatory variables are qualitative the sum can be shown to be zero for many models. Indeed this remains true for binary dependent variable models other than Probit and Logit. Even if some explanatory variables are quantitative, residuals can sum to almost zero more often than might at first seem plausible.

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Year of publication:	2010
Authors:	Conniffe, Denis
Published in:	The Economic and Social Review. - Economic and Social Studies. - Vol. 41.2010, p. 77-85
Publisher:	Economic and Social Studies

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Extent:	application/pdf
Type of publication:	Article
Notes:	Published
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008540556