For the cumulative probit model 1 [P(Y j)] = j x, explain why
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For the cumulative probit model Φ–1[P(Y ≤ j)] = αj – β’x, explain why a 1-unit increase in xi corresponds to a βi standard deviation increase in the expected underlying latent response, controlling for other predictors.
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From the argument in Sec 72...View the full answer
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