Which of the following is false?
A) Fitted values from probit models and logit models are very similar when they are based on the same data.
B) The coefficients in a probit and logit model are very similar when they are based on the same data.
C) Probit models are slightly more accurate.
D) Logit models make sense when using logged variables.
Correct Answer:
Verified
Q9: Which of the following is the equation
Q10: In a probit model, the interpretation of
Q11: Which of the following is a characteristic
Q12: The cumulative distribution function
A) Tells us how
Q13: When is a probit model preferred to
Q15: Which of the following is not a
Q16: Which of the following is a drawback
Q17: Write down the equation for a probit
Q18: Write down the equation for a logit
Q19: List and explain the benefits and drawbacks
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