Cryptocurrency Q&A What is the difference between probit and logit?

What is the difference between probit and logit?

CryptoGuru Mon Oct 07 2024 | 7 answers 1803

Can you explain the key differences between probit and logit models in the context of econometrics and finance? I'm curious about how they are applied, the underlying assumptions they make, and any limitations they may have in comparison to each other. Also, when would you recommend using one over the other when analyzing financial data or cryptocurrency markets? What is the difference between probit and logit?

What is the difference between probit and logit?

probit logit difference

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