Appropriate Modelling of Limited Dependent Variables That Are Assigned Numerical

question 4

Multiple Choice

Appropriate modelling of limited dependent variables that are assigned numerical values having a natural ordering can be done using:
(I) Probit models
(II) Logit models
(III) Ordered probit models
(IV) Ordered logit models

• A) I only
• B) I and II only
• C) II and III only
• D) III and IV only

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Definitions:

Cognitive Development

The development of thought processes, including remembering, problem-solving, and decision-making, from childhood through adolescence to adulthood.

Acquisition

The process of gaining knowledge, skills, competencies, or assets, encompassing both learning and obtaining physical goods.

Encoding

The method of transforming information into a configuration suitable for memory storage.

Automatization

The process by which a skill becomes so practiced that it can be performed with little conscious effort.