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When Is a Probit Model Preferred to a Logit Model

Question 9

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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.

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