amelia_miller_designer
Wed Oct 09 2024
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5 answers
978
What is the probit transformation function?
Could you please explain in simple terms what the probit transformation function is? I've heard it mentioned in the context of statistics and econometrics, but I'm not entirely sure how it works or what its purpose is. I'm particularly interested in understanding how it's used in modeling and analysis. Additionally, could you provide an example or two to illustrate its application? Thank you for your help.
