Estimating a probit or logit model via maximum likelihood involves all of the following except for what?
A) Choosing a determining function
B) Characterizing a likelihood function given choices about the distribution of observables
C) Setting up the moment conditions
D) Finding the coefficient estimates that maximize the likelihood function

Question

Quizplus · Accepted Answer

Setting up moment conditions is not part of the process of estimating a probit or logit model via maximum likelihood. It is a part of estimation via generalized method of moments (GMM).

Estimating a Probit or Logit Model Via Maximum Likelihood Involves