The Logit Model Can Be Estimated and Yields Consistent Estimates

question 6

Multiple Choice

The logit model can be estimated and yields consistent estimates if you are using

• A)OLS estimation.
• B)maximum likelihood estimation.
• C)differences in means between those individuals with a dependent variable equal to one and those with a dependent variable equal to zero.
• D)the linear probability model.

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Definitions:

April

The fourth month of the year in the Gregorian calendar.

Sales Estimates

Sales estimates are projections of the amount of revenue that will be generated through sales activities in a future period.

Budgeted Cost

Estimated costs associated with manufacturing a product, conducting a project, or running a department during a specific period.

Goods Manufactured

The total value or volume of products completed and ready for sale during a specific accounting period.