Multiple Choice
Which of the following is an appropriate way to interpret a coefficient on a continuous independent variable (X1) from a probit model?
A) Calculate the difference in fitted values when the variable is at its actual value and increased by a standard deviation, holding all other variables at their actual values.
B) Standardize each observation by dividing each observation by the standard deviation.
C) The coefficient indicates how much a one unit increase in X1 changes the predicted probability.
D) Use a latent variable.
Correct Answer:
Verified
Correct Answer:
Verified
Q2: A dichotomous dependent variable signifies that an
Q3: List and explain the benefits and drawbacks
Q4: Which of the following is an appropriate
Q5: Which of the following is not a
Q6: In a probit model, the interpretation of
Q8: Write down the equation for a probit
Q9: Which of the following is false?<br>A) Fitted
Q10: We can use OLS to estimate a
Q11: Probit and logit coefficients are interpreted the
Q12: The cumulative distribution function<br>A) Tells us how