Multiple Choice
What is the primary difference between ordered probit and ordered logit?
A) ordered logit requires assumption of independence of irrelevant alternatives,ordered probit does not
B) they make different assumptions about the distribution of coefficient estimates
C) ordered logit allows variables to vary by choice,ordered probit does not
D) they make different assumptions about the distribution of the error term
Correct Answer:
Verified
Correct Answer:
Verified
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