How do you specify a probit model?
I'm trying to understand how to specify a probit model. I want to know the steps or methods involved in defining such a model, particularly in the context of statistical analysis or econometrics.
What is the probit model also known as?
I'm trying to recall the other name for the probit model. I know it has another commonly used term, but I can't seem to remember it. Can you help me out with this?
How does a probit model work?
I'm interested in understanding the workings of a probit model. Could you explain how it operates and what it's typically used for in statistical analysis?
What are the shortcomings of the probit model?
I'm exploring the limitations of the probit model and would like to understand its shortcomings. Specifically, I'm interested in the model's assumptions, its ability to handle complex relationships, and any potential issues with interpretation or prediction accuracy.
What are the assumptions of the probit model?
I am trying to understand the probit model and its underlying assumptions. I want to know what assumptions are made when using this model for statistical analysis.