Multiple Choice
Which of the following is false?
A) Fitted values from probit models and logit models are very similar when they are based on the same data.
B) The coefficients in a probit and logit model are very similar when they are based on the same data.
C) Probit models are slightly more accurate.
D) Logit models make sense when using logged variables.
Correct Answer:
Verified
Correct Answer:
Verified
Q4: Which of the following is an appropriate
Q5: Which of the following is not a
Q6: In a probit model, the interpretation of
Q7: Which of the following is an appropriate
Q8: Write down the equation for a probit
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
Q13: Write down the equation for a logit
Q14: Both OLS and probit models require that