The Procedure That Is Used to Estimate the Parameters of the Binary

question 48

True/False

The procedure that is used to estimate the parameters of the binary logit model is called the maximum likelihood method.

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Definitions:

Pathological Sign

An indication or evidence of a disease, disorder, or significant psychological problem.

Aloneness

A state of being alone or isolated from others, which can vary in its emotional impact on an individual, from being a positive, introspective experience to a source of loneliness and discomfort.

Defining Characteristic

A feature or quality that distinctly identifies and distinguishes an individual, concept, or phenomenon.

Finiteness

The state or quality of having limitations or bounds; recognizing the limits of one's life, resources, or abilities.