Iiw

10 15 20 25 30 35 40 45 X, Income, thousands of dollars

604 PART THREE: TOPICS IN ECONOMETRICS

To conclude our discussion of the glogit model, we present the results based on OLS, or unweighted regression, for the home ownership example:

Li = —1.6587 + 0.0792Xi se = (0.0958) (0.0041) (15.7.3)

We leave it to the reader to compare this regression with the weighted least-squares regression given by (15.7.1).

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