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 ...

(9 pages) 2 0 0.0 Sep/2014

Subjects: Businesss Research Papers