Essays Tagged: "Logit"
Car scrapping behaviour, post WW2: Econometrics
omic variables which figure in the decision to scrap and the durability features of the automobile. Logit Transformation The author uses a logit transformation to reach an empirical representation of ... rapping the car can be given by (Pi )/(1-Pi). The natural logarithm of this odds ratio gives us the logit of scrapping the car. Logit of scrapping the car: ln[(Pi)/(1-Pi)]. To obtain the actual probab ...
Subjects: Businesss Research Papers