In econometrics, binary dependent variables are aproximated trough some density or functional forms such as normal (probit model) and logistic (logit). When the density function is Gompertz we have a Gompit model.. now, is there a theoretical/theorical framework that justifies or suggest the use of a gompit model?
(P.S.: I mean besides econometric tests, is there a theorical idea that drives toward the use of gompit models?)|||The following is another example (other than econometrics),
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