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What is the main advantage of using a probit model over an LPM? O A probit model will identify more variables as statist
Posted: Sun Sep 05, 2021 5:19 pm
by answerhappygod
- What Is The Main Advantage Of Using A Probit Model Over An Lpm O A Probit Model Will Identify More Variables As Statist 1 (69.09 KiB) Viewed 303 times
What is the main advantage of using a probit model over an LPM? O A probit model will identify more variables as statistically significant than a comparable LPM. O The probabilities predicted by a probit model are always between 0 and 1, while the predictions given by an LPM can go below 0 or above 1. O The probabilities predicted by a probit model can go below O and above 1, where the probabilities predicted by an LPM are always bounded between 0 and 1. O A probit model is easier to interpret than an LPM.