Economics · Econometrics
In a binary logit model, if the log-odds (logit) value decreases from 0 to a large negative number, the corresponding probability P of success:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Becomes undefined
- 2Remains constant at 0.5
- 3Decreases from 0.5 to 0✓
- 4Increases from 0.5 to 1
Correct answer
Decreases from 0.5 to 0
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