Economics · Econometrics
The Likelihood Ratio (LR) test in a logit model is primarily used to:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Estimate individual marginal effects
- 2Test heteroscedasticity in error terms
- 3Compare the goodness of fit between nested models✓
- 4Check autocorrelation in residuals
Correct answer
Compare the goodness of fit between nested models
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