In estimating a probit or logit model it is typical to maximize which objective function?
A) T-statistic
B) Likelihood
C) Least squares
D) Adjusted R-squared

Question

Quizplus · Accepted Answer

The objective function typically maximized in estimating a probit or logit model is the likelihood function. The likelihood function represents the probability of observing the sample data given the model parameters, and maximizing it results in the maximum likelihood estimates for the parameters.

In Estimating a Probit or Logit Model It Is Typical