Multiple Choice
When is a probit model preferred to a logit model?
A) Use probit when the independent variables are whole numbers
B) Use probit when the dependent variable ranges from -1 to 1.
C) Use probit in all cases since it gives slightly more accurate results than logit.
D) There is generally no clear reason to pick one over the other as models produce similar results.
Correct Answer:

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Correct Answer:
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Q13: Write down the equation for a logit
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Q15: In order to run a hypothesis test
Q16: Which of the following is a drawback
Q17: Which of the following is a characteristic
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Q19: Explain the logic behind the use of
Q20: Which of the following is the equation