Hi everyone!

I've been working on a paper recently wich its model's variables are time series and the dependent variable is bounded to the unit interval [0,1]; now I want to exploit Fractional Logit/Probit models but as far as I know, most of the previous articles which used these kind of models were dealing with panel or cross sectional data and I haven't seen these models applied for time series modeling.

My question is that is it accurate to use fractional logit/probit for time series analysis? if yes/no why and what is the reference?

Sincerely!