A potential shortcoming of the probit/logit models is that to get consistent estimates of the parameters:

A. coefficient estimates cannot be evaluated against alternative hypotheses.
B. moment conditions are required for each parameter to be estimated.
C. the unobservables must be distributed via the standard normal (for probit) and logistically (for the logit).
D. the determining function must be linear.


Answer: C

Biology & Microbiology

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