Paolo
Tue Oct 08 2024
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7 answers
1037
What does the coefficient of logit model tell us?
Could you please elaborate on the significance of the coefficient in a logit model? How does it help us interpret the relationship between the dependent variable and the independent variables? Furthermore, what are some of the key assumptions underlying the logit model that need to be considered when interpreting the coefficient?
Chloe_thompson_artist
Sun Oct 06 2024
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6 answers
1289
What is the difference between linear probability model logit and probit model?
Could you elaborate on the key distinctions between the linear probability model, the logit model, and the probit model? Specifically, how do they differ in their assumptions, the types of data they are best suited for, and the interpretations of their coefficients? Additionally, what are some of the practical implications of choosing one model over the others in the context of economic and financial analysis?
