What are the coefficients of probit and logit models

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Question: 1. One of your friends is using data on individuals to study the determinants of smoking at your university. She asks you whether she should use a probit, logit, or linear probability model. What advice do you give her? Why?

2. Why are the coefficients of probit and logit models estimated by maximum likelihood instead of OLS?

Reference no: EM131444439

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