CryptoTamer
Tue Oct 08 2024
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5 answers
1124
What do probit coefficients mean?
Excuse me, could you please clarify what probit coefficients represent in statistical modeling, especially in the context of finance and cryptocurrency? I'm curious to understand how they're used and what insights they can provide when analyzing market trends or predicting price movements. Are they specifically tied to binary outcomes, or can they be applied more broadly? Additionally, what are some common challenges or limitations in interpreting probit coefficients, and how can we overcome them to make more informed decisions?
