The logit and probit models have become critical parts of the management researcher's analytical arsenal, growing rapidly from almost no use in the 1980s to appearing in 15% of all articles published ...

and is the normal probability function. This is the likelihood function for a binary probit model. This likelihood is strictly positive so that you can take a square root of and use this as your ...

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation We compare how logit (fixed effects) and probit early warning systems (EWS) predict insample and out-of-sample currency ...

The data for this example are from Ezzet and Whitehead (1991), who describe a crossover experiment on two groups of patients using two different inhaler devices (A and B). Patients from group 1 used ...