The logit model explained in 3 minutes
4:15
YouTubeStatLect official YouTube channel
The logit model explained in 3 minutes
Learn about the logit model (or logistic regression). This short video lecture explains how the logit model is used to classify categorical variables that can take only two values.
19.2K viewsJul 4, 2022
Probit Model Explained
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Apr 8, 2013
Probit Model (Probit Regression): Definition
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statisticshowto.com
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Use the data in LOANAPP for this exercise. The binary variable to be explained is approve, which is equal to one if a mortgage loan to an individual was approved. The key explanatory variable is white, a dummy variable equal to one if the applicant was white. The other applicants in the data set are black and Hispanic. To test for discrimination in the mortgage loan market, a linear probability model can be used: approve =β0 β1 white other factors. (i) If there is d
Use the data in LOANAPP for this exercise. The binary variable to be explained is approve, which is equal to one if a mortgage loan to an individual was approved. The key explanatory variable is white, a dummy variable equal to one if the applicant was white. The other applicants in the data set are black and Hispanic. To test for discrimination in the mortgage loan market, a linear probability model can be used: approve =β0 β1 white other factors. (i) If there is d
numerade.com
Feb 14, 2020
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