Explain why probit, or logit, is usually preferred to least squares when estimating a model in which

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Explain why probit, or logit, is usually preferred to least squares when estimating a model in which the dependent variable is binary.

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Principles Of Econometrics

ISBN: 9781118452271

5th Edition

Authors: R Carter Hill, William E Griffiths, Guay C Lim

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Question Posted: Apr 02, 2024 02:00 AM

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Explain why probit, or logit, is usually preferred to least squares when estimating a model in which

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Probit and logit models are typically preferred over ordinary least squares OLS regression when estimating a model with a binary dependent variable be...View the full answer

Principles Of Econometrics

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