Probit Model (Probit Regression): Definition

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

Interpreting the Slope & Intercept | Definition, Method & Example

Econometrics Academy - Probit and Logit Models

What's the difference between probit and logit model? - TimesMojo

Econometrics Academy - Ordered Probit and Logit Models

Comparing logit and probit: take one of the data examples from ... | Filo

Lasso for prediction and model selection | Stata