Multiple Choice
When should a probit model be used?
A) when you need a binary choice model that allows for varying marginal effects
B) when you need to model the heteroskedasticity in the linear probability model
C) to allow for endogenous regressors in a binary choice model
D) to allow for multiple explanatory variables in a binary choice model
Correct Answer:
Verified
Correct Answer:
Verified
Q2: Which of the following is not a
Q3: What is the difference between multinomial logit
Q4: For what dependent variable should a Poisson
Q5: Unobservable variables that enter into decisions are
Q6: Which model requires the assumption of independence
Q7: When a decision maker has to choose
Q8: When using least squares to estimate a
Q9: When is a Tobit model used?<br>A)when you
Q10: Which of the following statements is not
Q11: When a substantial proportion of the observations