When Is a Probit Model Preferred to a Logit Model

question 21

Multiple Choice

When is a probit model preferred to a logit model?

• A) Use probit when the independent variables are whole numbers
• B) Use probit when the dependent variable ranges from -1 to 1.
• C) Use probit in all cases since it gives slightly more accurate results than logit.
• D) There is generally no clear reason to pick one over the other as models produce similar results.

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Definitions:

Collaborating Style

A conflict resolution strategy that involves working together with all parties to find a mutually beneficial solution.

Cooperative

Describes actions or processes that are done together with others in a team or group setting, emphasizing collaboration and mutual benefit.

Assertive

Characterized by confidence and self-assurance in stating one's views or aims, without being aggressive.

Forcing Style

A conflict management approach where one party aggressively pursues their own interests at the expense of others.