The Linear probability model always contains heteroskedasticity when the dependent variable is binary unless all of the slope parameters are zero. It's true.
Probability is the branch of mathematics concerning numerical descriptions of how probable an event is to do, or how likely it's that a proposition is true. The probability of an event is a number between 0 and 1, where, roughly speaking, 0 indicates the impossibility of the event and 1 indicates certainty.
In statistics, a direct probability model is a special case of a double retrogression model. Then the dependent variable for each observation takes values that are moreover 0 or 1.
The introductory sapience is that the direct probability model can be used whenever the relationship between probability and log odds is roughly direct over the range of modeled chances.
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