Question: 1. In Section 6.2, the probit model for binary data was introduced, and in Section 6.3, the procedure was described for writing a program to
1. In Section 6.2, the probit model for binary data was introduced, and in Section 6.3, the procedure was described for writing a program to maximise the probit log-likelihood function. An alternative to the probit model is the logit model, defined as:
P (yi = 1) = exp (β0 + β1wi )
1 + exp (β0 + β1wi )
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