Why are the coefficients of probit and logit models estimated by maximum likelihood instead of OLS?

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Introduction To Econometrics

ISBN: 9780134461991

4th Edition

Authors: James Stock, Mark Watson

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Question Posted: Apr 30, 2024 02:01 AM

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Why are the coefficients of probit and logit models estimated by maximum likelihood instead of OLS?

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The coefficients of probit and logit models are estimated by maximum likelihood ML instead of ordina...View the full answer

Introduction To Econometrics

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