Which of the Following Is a Merit of Using the Probit/logit

question 34

Multiple Choice

Which of the following is a merit of using the probit/logit model over the linear probability model for a limited dependent variable?

• A) By construction predictions from the model will fall within 0 and 1.
• B) The marginal effects are easier to calculate.
• C) The probit/logit model can be estimated using similar OLS.
• D) The probit/logit model is better at finding causal estimates.

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Definitions:

James Marcia

A developmental psychologist known for his work on adolescent identity formation.

High School

An educational institution that provides secondary education to adolescents, typically between the ages of 14 and 18.

Mediocre

Of only moderate quality; not very good.

Identity Statuses

Concepts in psychology that describe the process in which individuals explore and commit to various aspects of their personal and social identity.