Dear Researchers,
My dependent variable takes only integer values - 0,1,2,3 and 4.
My understanding is that in my case coefficients cannot be consistently estimated by using Ordinary Least Square. As my dependent varible takes value exceding 1 (e.g. 2,3, and 4), I cannot use usual LOGIT model either. Could you please suggest me whether Ordered LOGIT is suitable in this case? Any good papers on this issue?
Sincerely,
Masud