If the equation is correctly specified, then the chances that Bush loses are very small.
Finally, the likelihood ratio (LR) test was used to verify if the model is correctly specified.
If the outcome model is correctly specified, the weights do not affect the consistency of the estimator (Wooldridge 2007).
The method can potentially reduce the bias of the complete-case estimator when weighting is correctly specified.
In addition, the RESET test (with a p value of 0.3887) indicates that the model is correctly specified with no omitted variables.
So, although if we accept that NB2-Logit is correctly specified, MisProbit cannot be, we assume that it only slightly deviates from the true DGP.
However, if the conditional expectation is correctly specified, both weighted and unweighted estimators are consistent, but the unweighted one is also more efficient (see, Wooldridge 2010).
When the takeover factor is correctly specified in the expected return model, they find that the association between ATPs and abnormal stock returns disappears.
The ASC is not significant, indicating that respondents have made their choice only on the basis of the attributes in the list (so the model is correctly specified).
This is correctly specified by using the pair of primitive variables pressure (p) and density but will be unrealistic at frequencies above a Hemholtz number of 0.1 as only stagnation values po, ρo are used.
The negative binomial model provides an alternative approach for the analysis of discrete data where overdispersion is a problem, provided that the model is correctly specified and adequately fits the data.
