Consider the automobile purchase data in Problem 13.5. Fit models using both the probit and complementary log-log
Question:
Consider the automobile purchase data in Problem 13.5. Fit models using both the probit and complementary log-log functions. Compare these models to the one obtained using the logit.
Data From Problem 13.5
A study was performed to investigate new automobile purchases. A sample f 20 families was selected. Each family was surveyed to determine the age of their oldest vehicle and their total family income. A follow-up survey was conducted 6 months later to determine if they had actually purchased a new vehicle during that time period ( y=1 indicates yes and y=0 indicates no). The data from this study are shown in the following table.
Step by Step Answer:
Introduction To Linear Regression Analysis
ISBN: 9781119578727
6th Edition
Authors: Douglas C. Montgomery, Elizabeth A. Peck, G. Geoffrey Vining