When is a probit model preferred to a logit model?
A) Use probit when the independent variables are whole numbers
B) Use probit when the dependent variable ranges from -1 to 1.
C) Use probit in all cases since it gives slightly more accurate results than logit.
D) There is generally no clear reason to pick one over the other as models produce similar results.

Question

Quizplus · Accepted Answer

Generally, there is no clear reason to prefer probit over logit, or vice versa. The choice may depend on the research question, the nature of the data, and personal preference. Both models have advantages and disadvantages, and produce similar results in most cases. It is recommended to try both models and see which one works best for a particular dataset.

When Is a Probit Model Preferred to a Logit Model