Cryptocurrency Q&A Is probit a logistic regression?

Is probit a logistic regression?

SamsungShineBrightnessRadianceGlitter SamsungShineBrightnessRadianceGlitter Fri Oct 11 2024 | 5 answers 1133
I'm trying to understand the relationship between probit and logistic regression. Are they the same thing, or is probit a specific type of logistic regression? I'm confused about the terminology. Is probit a logistic regression?

5 answers

Martino Martino Sun Oct 13 2024
On the other hand, probit regression models, unsurprisingly known as probit models, operate under a different mathematical framework. These models are employed to model the cumulative standard normal distribution, which has a range of applications in various fields where continuous variables are transformed into binary outcomes.

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KimchiQueen KimchiQueen Sun Oct 13 2024
Both logit and probit models are widely used in various disciplines, including economics, sociology, and biostatistics, where they help researchers and analysts understand complex relationships between variables. The choice between the two often depends on the specific nature of the data and the research question at hand.

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Caterina Caterina Sun Oct 13 2024
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MysticRainbow MysticRainbow Sun Oct 13 2024
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KpopHarmony KpopHarmony Sun Oct 13 2024
Logistic regression models, often referred to as logit models, serve a distinct purpose in statistical modeling. They are designed to capture the behavior of data that follows a Logistic distribution, a type of probability distribution commonly used in modeling binary outcomes.

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