Multiple Choice
In order to run a hypothesis test on multiple coefficients to check if they are different from one another (equal, bigger or smaller) in a probit model, we:
A) Use an F Test
B) Use a likelihood ratio test
C) Run multiple t-tests
D) Use a Chi-squared test
Correct Answer:
Verified
Correct Answer:
Verified
Q6: A dichotomous dependent variable signifies that an
Q7: Which of the following is not a
Q8: Maximum Likelihood Estimation (MLE) uses t-tests, just
Q9: When is a probit model preferred to
Q10: Which of the following is a characteristic
Q12: In a probit model, the interpretation of
Q13: The cumulative distribution function<br>A) Tells us how
Q14: Write down the equation for a logit
Q15: List and explain the benefits and drawbacks
Q16: Probit and logit coefficients are interpreted the