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1. Linear Probability Model vs. Logit (or Probit)

1. Linear Probability Model vs. Logit (or Probit)

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Linear Probability Model Logit (probit looks similar) This is the main feature of a logit/probit that distinguishes it from the LPM – predicted probability of =1 is never below 0 or above 1, and the shape is always like the one on the right rather than a straight line.

  Logit, Probit

Download 1. Linear Probability Model vs. Logit (or Probit)


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