Which of the following statements is not true regarding a logit model?
A)it allows for marginal effects that vary with explanatory variables
B)it is estimated by maximum likelihood
C)it can be adjusted to accommodate more than 2 choice options
D)it always generates larger marginal effects than a probit model

Question

Quizplus · Accepted Answer

The statement "it always generates larger marginal effects than a probit model" is not true. In fact, the sign and size of the marginal effects can vary based on the specific variables and context of the model, and there may be cases where a probit model generates larger marginal effects than a logit model.

Which of the Following Statements Is Not True Regarding a Logit