Multiple Choice
A natural latent variable for a probit model for modeling the purchase of a good by consumers would be which of the following?
A) Profits
B) Net revenues
C) Costs
D) Utility
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q9: After estimating a probit model for the
Q10: A shortcoming of potentially using the probit/logit
Q11: The probit model assumes what sort of
Q12: After estimating a logit model for
Q13: If one ran the regression on whether
Q15: Which of the following variables would be
Q16: A common method to estimate probit and
Q17: A marginal effect summarizes the:<br>A) change in
Q18: Which of the following variables is most
Q19: If you are planning on running the