Author Question: To measure the fit of the probit model, you should: A) use the regression R2. B) plot the ... (Read 75 times)

tatyanajohnson · **on:** Jun 29, 2018

To measure the fit of the probit model, you should:

A) use the regression R2.
B) plot the predicted values and see how closely they match the actuals.
C) use the log of the likelihood function and compare it to the value of the likelihood function.
D) use the fraction correctly predicted or the pseudo R2.

Question 2

Multiplying the dependent variable by 100 and the explanatory variable by 100,000 leaves the

A) OLS estimate of the slope the same.
B) OLS estimate of the intercept the same.
C) regression R2 the same.
D) variance of the OLS estimators the same.