Economics · Econometrics - Logit Model
In a Logit model, the estimated slope coefficient measures:
- 1Average value of the dependent variable for a unit change in regressor
- 2The change in the log-odds ratio associated with a unit change in the explanatory variable✓
- 3Direct elasticity of probability
- 4Absolute variance change in the error term
Correct answer
The change in the log-odds ratio associated with a unit change in the explanatory variable
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