DEVELOPING PREDICTIVE SIMULATION SCENARIOS USING THE BIVARIATE PROBIT MODEL
This study focuses on developing simulation scenarios using the bivariate probit model. In this research, we formulate a bivariate probit model by generating two random binary variables W and W2 and a non- binary variable Z to enable us study the effect of each independent variable on the dependent variable using different scenarios. The artificial dataset is generated using the econometric software, LIMDEP 9.
Institutions
- Rivers State University (NG)
Publication Details
- Journal
- Zenodo (CERN European Organization for Nuclear Research)
- Published
- 2025-11-04
- DOI
- https://doi.org/10.5281/zenodo.17521367
- Primary Topic
- Simulation Techniques and Applications
- Type
- article
- Field-Weighted Citation Impact
- 0.00