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  • Maddala Models of Self-Selectivity

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    Emanuel Filho
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    This chapter discusses the use of probit and logit models for binary dependent variables that take on values of either 0 or 1. Probit and logit models are used to estimate the probability of an event occurring, such as purchasing a product, as a function of independent variables through the cumulative distribution function of a standard normal or logistic distribution. Maximum likelihood is used to estimate the parameters of the probit and logit models.

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    This chapter discusses the use of probit and logit models for binary dependent variables that take on values of either 0 or 1. Probit and logit models are used to estimate the probability of an event occurring, such as purchasing a product, as a function of independent variables through the cumulative distribution function of a standard normal or logistic distribution. Maximum likelihood is used to estimate the parameters of the probit and logit models.

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    © All Rights Reserved
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    17 views34 pages

    Maddala Models of Self-Selectivity

    Uploaded by

    Emanuel Filho
    This chapter discusses the use of probit and logit models for binary dependent variables that take on values of either 0 or 1. Probit and logit models are used to estimate the probability of an event occurring, such as purchasing a product, as a function of independent variables through the cumulative distribution function of a standard normal or logistic distribution. Maximum likelihood is used to estimate the parameters of the probit and logit models.

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    © All Rights Reserved
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    of 34

    from

    Maddala, G. S. (1983), Limited-Dependent and Qualitative Variables


    in Economics, New York: Cambridge University Press, pp. 257-91.

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