Multiple Choice
The primary difference between the probit and logit model is the:
A) probit model uses a latent variable convention that the logit model does not.
B) probit model suffers from a heteroscedasticity problem while the logit does not.
C) choice of distribution for the unobservables.
D) probit model identifies causal effects, while the logit model identifies correlations.
Correct Answer:

Verified
Correct Answer:
Verified
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