The major shortcoming of the general linear probability model y = β₀ + β₁x₁ + β₂x₂ + … + β_kx_k+ ε, is that the predicted values of y can be sometimes ________. A) greater than 0 and less than 1 B) at least 0 and no more than 1 C) less than 1 but more than 0 D) less than 0 or greater than 1

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The major shortcoming of the general linear probability model is that the predicted values of y can be less than 0 or greater than 1, which is problematic for a probability model where expected outcomes should logically fall between 0 and 1.

The Major Shortcoming of the General Linear Probability Model Y