When Using the Probit Model,estimated Marginal Effects Are Obtained by

question 27

Multiple Choice

When using the probit model,estimated marginal effects are obtained by

• A)converting the estimated coefficients into marginal effects by plugging the values back into the multinomial logit function.
• B)estimating the model by OLS.
• C)estimating the model by the probit function.
• D)taking the derivative of the estimated coefficients.

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Definitions:

Sales Territory

A designated geographical area assigned to a salesperson or team where they are responsible for conducting business activities.

Merit Pay

A compensation strategy that offers pay increases or bonuses to employees based on their performance accomplishments or achievements, rather than their position or seniority.

Base Pay

The initial rate of compensation an employee receives, not including benefits, bonuses, or any other potential earnings.

Merit Pay Plan

A pay system where employees receive increases in pay based on their performance, as determined through evaluations and assessments.