Unlike OLS coefficient estimates, logit and probit estimates for coefficients Betahat do not have standard errors, t-values, and p-values that can help to test hypotheses. What is the main difference between OLS coefficient estimates and logit and probit estimates?
1) OLS coefficient estimates have standard errors, t-values, and p-values, while logit and probit estimates do not.
2) OLS coefficient estimates do not have standard errors, t-values, and p-values, while logit and probit estimates do.
3) OLS coefficient estimates have standard errors, t-values, and p-values, but they are not useful for testing hypotheses.
4) OLS coefficient estimates have standard errors, t-values, and p-values, and logit and probit estimates have different statistical measures.