Cryptocurrency Q&A Which is better, logit or probit?

Which is better, logit or probit?

Tommaso Tommaso Mon Oct 07 2024 | 7 answers 1378
Can you elaborate on the differences between logit and probit models, and explain which one is typically considered to be better for analyzing binary outcomes in the context of finance and cryptocurrency? What factors should one consider when deciding between the two? Is there a general rule of thumb or does it depend on the specific characteristics of the data and research question? Which is better, logit or probit?

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