Multiple Choice
Which of the following statements is not true regarding a logit model?
A) it allows for marginal effects that vary with explanatory variables
B) it is estimated by maximum likelihood
C) it can be adjusted to accommodate more than 2 choice options
D) it always generates larger marginal effects than a probit model
Correct Answer:
Verified
Correct Answer:
Verified
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
Q11: When a substantial proportion of the observations
Q12: How is the average marginal effect calculated
Q13: What is the difference between count data
Q14: What is accomplished by using a Tobit
Q15: When should a Heckit model be used?<br>A)when