Cryptocurrency Q&A Should I use logit or probit?

Should I use logit or probit?

benjamin_doe_philosopher benjamin_doe_philosopher Tue Oct 08 2024 | 5 answers 1197
I'm curious, what are the key considerations I should keep in mind when deciding between using logit or probit for my statistical analysis? Are there certain types of data or research questions that lend themselves more to one over the other? Additionally, how do the assumptions and interpretations of these two models differ, and could you provide a brief overview of the advantages and limitations of each? I'm eager to make an informed decision that aligns with my research objectives. Should I use logit or probit?

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