Cubic Time Polynomials in Probit Analysis Sample Clauses

Cubic Time Polynomials in Probit Analysis. One method that allows probit regressions to be used for duration analysis is to use cubic time polynomials. ▇▇▇▇▇▇ and ▇▇▇▇▇▇▇▇▇ (2010) advocate this approach over time dummies or splines. While the number of time polynomials to use is arbitrary, ▇▇▇▇▇▇ and ▇▇▇▇▇▇▇▇▇ suggest using three, as it captures the underlying mechanism common to a num- ber of potential duration models (i.
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