Choosing between Logit and Probit Models (Eviews)

This video shows some useful steps and rules for choosing between Logit and Probit models when modelling binary dependent variables. There is no much discussion on the theoretical underpinnings of both models, rather the technical differences in terms of applications are discussed and experimented here. Interested viewers are enjoined to read relevant texts on the topic. #viravideo #viralvideo #eviews #logit #probit #logisticregression