Logistic Regression vs. Probit Regression

maartenbuis

TS Contributor
#2
A probit will approach 0 and 1 slightly faster than a logit, but the real answer is that the two are virtually the same. In practice you would not be able to choose between them based on real data. So, you just pick whichever one you find most convenient. I prefer the logit, as the pareameters have actual meaning.
 

Dason

Ambassador to the humans
#3
The parameters in a probit can have meaning too.

The main 'advantage' I see to the logit is that the odds ratio is constant which makes for interpreting things a little bit easier.