Good morning,
I'am currently estimating a model to forecast if some individuals will pay their loans. I have to dependent variables, one if the individual did not pay his loan in 60 days and the other if the individual did not pay his loan in 180 days. I do not know exactly which model should I use, my guess is that a biprobit is the best, because I can obtan the predicted probability of the second dependent given that the result of the first dependent (60 days) is positive, ¿this kind of problem can be modeled with a multinomial logit?
Thanks.
Best Regards,
I'am currently estimating a model to forecast if some individuals will pay their loans. I have to dependent variables, one if the individual did not pay his loan in 60 days and the other if the individual did not pay his loan in 180 days. I do not know exactly which model should I use, my guess is that a biprobit is the best, because I can obtan the predicted probability of the second dependent given that the result of the first dependent (60 days) is positive, ¿this kind of problem can be modeled with a multinomial logit?
Thanks.
Best Regards,
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