Question
Asked Dec 10, 2019
6 views

What is a logit model?

check_circle

Expert Answer

A Logit Model is the binomial regression model, better known as Logistic Regression. Using logistic regression, a vector of random variables is associated with a binomial&nb...

Want to see the full answer?

See Solution

Check out a sample Q&A here.

Want to see this answer and more?

Solutions are written by subject experts who are available 24/7. Questions are typically answered within 1 hour.*

See Solution
*Response times may vary by subject and question.
Tagged in

Business

Economics

Related Economics Q&A

Find answers to questions asked by student like you
Show more Q&A
add
question_answer

Q: If people get higher pay from insurance than their premiums. Will this increase or decrease the deat...

A: Moral Hazard:Moral hazard is a situation, which arises when a person an insured person takes greater...

question_answer

Q: Suppose the government cuts transfer payments in an economy with an inflationary gap. How would this...

A: To show the effect of a cut in transfer payments on bond prices, interest rates, investment, the exc...

question_answer

Q: In terms of which of the following is the monopoly greater than the competitive market? a) Prevalenc...

A: The monopoly is a market structure which is characterized by the presence of a single seller selling...

question_answer

Q: Federally funded student aid programs generally reduce benefits by $1 for every $1 that recipients e...

A: Federally funded student aid is the government funding scheme which helps student for education expe...

question_answer

Q: True or False (Why?): An increase in the money supply tends to decrease expenditures on consumption ...

A: To answer whether the statement is true or false.

question_answer

Q: Which of the following is true concerning the PLSAs? a) They help people spend more money b) They ar...

A: The PLSAs are the Prizes Linked Savings Accounts in which some of the interest payment on bank depos...

question_answer

Q: Suppose your elasticity of demand for your parking lot spaces is –2, and price is $8 per day. If you...

A: Elasticity of -2 indicates that the demand is relatively elastic, which means as the price changes b...

question_answer

Q: 1. Suppose the government cuts transfer payments in an economy with an inflationary gap. How would t...

A: As per our Honor Code, we can attempt only first question.

question_answer

Q: For this question, suppose the market for widgets is perfectly competitive and the government introd...

A: The loss of market equilibrium leads to decline in economy efficiency. This reduction in economic ef...