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To Measure the Fit of the Probit Model, You Should

Question 38

Multiple Choice

To measure the fit of the probit model, you should:


A) use the regression R2.
B) plot the predicted values and see how closely they match the actuals.
C) use the log of the likelihood function and compare it to the value of the likelihood function.
D) use the fraction correctly predicted or the pseudo R2.

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