A Logit Model Can Be Estimated with the Method of ________

question 67

Multiple Choice

A logit model can be estimated with the method of ________.

• A) ordinary standard least squares
• B) maximum likelihood estimation
• C) nonparametric estimation
• D) none of these choices are correct

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Definitions:

Income Share

The proportion of total national or group income that is received by individuals, households, or classes of income earners.

Entrepreneurs

Visionary individuals who create, manage, and assume the risks of a new business venture, bringing new products or services to the market.

Production Innovations

Refers to new or improved methods of producing goods and services, which can increase efficiency and reduce costs.