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MMLU / Which of the following is correct concerning logit and probit models?

Problem

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question

Which of the following is correct concerning logit and probit models?

choices

  1. They use a different method of transforming the model so that the probabilities lie between zero and one
  2. The logit model can result in too many observations falling at exactly zero or exactly one
  3. For the logit model, the marginal effect of a change in one of the explanatory variables is simply the estimate of the parameter attached to that variable, whereas this is not the case for the probit model
  4. The probit model is based on a cumulative logistic function

subject

econometrics

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Source and history

task_id
aa10a6f1-aad5-58ff-a2d7-72929534cdb6
task_key
all--test--aa10a6f1-aad5-58ff-a2d7-72929534cdb6
task_revision_id
1
config / split
all / test

Official source

initial import