Cryptocurrency Q&A
How do you convert logit to probit?
How do you convert logit to probit?
Caterina
Thu Oct 10 2024
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7 answers
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I'm trying to figure out the process of converting logit to probit. I understand they are both types of regression models, but I'm not sure how to go from one to the other. Can someone explain the steps or provide a formula for this conversion?
7 answers
emma_carter_doctor
Sat Oct 12 2024
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GeishaCharm
Sat Oct 12 2024
On the other hand, the logit model, also prevalent in binary choice modeling, estimates probabilities using the logistic function. The logit model has been favored due to its simplicity and interpretability.
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Caterina
Sat Oct 12 2024
The suggested conversion from probit to logit involves multiplying the probit coefficient by 1.61. This adjustment is intended to approximate the probability estimates obtained from the logit model, given the same set of explanatory variables.
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KDramaLegendaryStar
Sat Oct 12 2024
The process of converting probability models from one form to another is a common practice in statistical analysis. In the context of converting from probit to logit models, a specific multiplier has been proposed.
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Nicola
Sat Oct 12 2024
Conversely, if one wishes to convert from logit to probit, the recommended multiplier is 0.625. This factor helps in translating the logit coefficients into probit coefficients, enabling comparability between the two models.
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