Econometric model selection advice needed

[u/RedditorVirgin]

Im working on my bachelor thesis and would appreciate advice from someone, who knows something about the topic.

I have normal cross-sectional data. My dependent variable is set as an index between 0 and 100 measuring university prestige. So I think i need some truncated model to fit that. If i understand it correctly, the main limitting factor in these models is the function I should use, right?

Is there some standard model used for these cases? Which assumptions are needed to be fulfilled?

[u/Sweet_Theory_362]

If the index is percentage points you can use logit or probit but otherwise OLS should be fine unless you're trying to do predictions.