Multiple Choice
How are logit and probit models different?
A) probit is estimated by least squares,logit by maximum likelihood
B) probit uses the cumulative density function (cdf) of the standard normal distribution and logit uses the cdf of the logistic function
C) logit is for binary choice models and probit is used when there are two or more choices
D) probit allows for endogenous regressors,logit does not
Correct Answer:
Verified
Correct Answer:
Verified
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