When estimating probit and logit models,
A)the t-statistic should still be used for testing a single restriction.
B)you cannot have binary variables as explanatory variables as well.
C)F-statistics should not be used,since the models are nonlinear.
D)it is no longer true that the 2

Question

When estimating probit and logit models,
A)the t-statistic should still be used for testing a single restriction. 
B)you cannot have binary variables as explanatory variables as well. 
C)F-statistics should not be used,since the models are nonlinear. 
D)it is no longer true that the 2 < R2.

Quizplus · Accepted Answer

Although probit and logit models are nonlinear, the t-statistic can still be used for testing a single restriction. However, F-statistics should not be used for testing joint restrictions. It is also possible to include binary variables as explanatory variables in these models. The traditional interpretation of R2 is not applicable in these models.

When Estimating Probit and Logit Models