In statistics, a probit model is a type of regression where the dependent variable can only take two values, for example married or not married. The name is from prob```ability`` + ``un```it. The purpose of the model is to estimate the probability that an observation with particular characteristics will fall into a specific one of the ca...
Found on
http://en.wikipedia.org/wiki/Probit_model
An econometric model in which the dependent variable y
i can be only one or zero, and the continuous indepdendent variable x
i are estimated in: Pr(y
i=1)=F(x
i'b) Here b is a parameter to be estimated, and F is the normal cdf. The logit model is the same but wi...
Found on
http://www.econterms.com/glossary.cgi?query=probit+model
No exact match found.
