Which of the following statements about logit and probit models is true?
(I) They cannot be estimated by ordinary least squares
(II) They can be estimated using maximum likelihood
(III) They can be estimated using non-linear least squares
(IV) They can be estimated using instrumental variables
A) I only
B) I and II only
C) I, II and III only
D) I, II, III and IV

Question

Quizplus · Accepted Answer

The Answer of Which of the following statements about logit and probit models is true?
(I) They cannot be estimated by ordinary least squares
(II) They can be estimated using maximum likelihood
(III) They can be estimated using non-linear least squares
(IV) They can be estimated using instrumental variables
A) I only
B) I and II only
C) I, II and III only
D) I, II, III and IV

Which of the Following Statements About Logit and Probit Models