For binary observations, consider the model (x) = 1/2 + (1/)tan 1 ( + x). Which distribution

Question:

For binary observations, consider the model π(x) = 1/2 + (1/π)tan^–1(α + βx). Which distribution has cdf of this form? Explain when a GLM using this curve might be more appropriate than logistic regression.

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...

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