Probit Regression Model

Описание к видео Probit Regression Model

This video describes at length about the Probit regression model and covers all five aspects of the model. In the first part need to develop an alternative to the LPM is explained. In the second part latent variable is defined and in the third part it has been proved that probabilities of Bernoulli's outcomes can be statistically expressed in terms of cpdf of the error term. Fourth part discusses about estimation of the probit model in terms of MLE method. Final part gives an idea about interpretation of results derived on the basis of hypothetical sample data.

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