I am currently building a model on a data set of 1,000,000 observations using the betareg package in r. My code is:
m1 <- betareg(rr ~ cred_report, data = mydata, link = "logit")
betareg seems to run just fine, however, when I go to summarize the model using the summary() function I am thrown the following error:
summary(m1)
Error: cannot allocate vector of size 7450.6 Gb
I have been able to run the same regression using the glm package and never encountered this error. Also, 7450.6 GB seems like an insane amount of memory required.
Hoping to get some assistance.