28. Logit & Probit Models | Idea - Formulation - Estimation - Intuition | AN Economist
26:21
YouTubeAN Economist
28. Logit & Probit Models | Idea - Formulation - Estimation - Intuition | AN Economist
In this video I have discussed the approach, characterization and estimation process of Logit Model and Probit Model. Like, Share & SUBSCRIBE!!! My Playlists: https://www.youtube.com/playlist?list=PLXh5QaCtg1eSi8aP1jELCxy7sdK6o48A7 https://www.youtube.com/playlist?list=PLXh5QaCtg1eToo0C6fm1OcGuvL30y3uv2 https://www.youtube.com/playlist?list ...
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[GET ANSWER] To measure the fit of the probit model, you should:Select one:a. plot the predicted values and see how closely they match the actuals.b. use the regression R^2c. use the log of the likelihood function and compare it to the value of the likelihood function.d. use the fraction correctly predicted or the pseudo R^2
[GET ANSWER] To measure the fit of the probit model, you should:Select one:a. plot the predicted values and see how closely they match the actuals.b. use the regression R^2c. use the log of the likelihood function and compare it to the value of the likelihood function.d. use the fraction correctly predicted or the pseudo R^2
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