Question: How are logit and probit models different? a) logit is for binary choice models and probit is used when there are two or more choices.

How are logit and probit models different?

a)

logit is for binary choice models and probit is used when there are two or more choices.

b)

probit and logit use different distribution functions.

c)

logit directly reports odds ratio as a result while probit reports the beta coefficient.

d)

None of the above.

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