probit
A unit, derived from a standard normal distribution, used in measuring the responses to doses.
Noun
- A unit, derived from a standard normal distribution, used in measuring the responses to doses.
- The only limitation of probit models is that they require normal distributions for all unobserved components of utility. […] In the current section, I describe three simulators that are applicable for probits of any...
- The probit function, the inverse of the standard normal cumulative distribution function.
Origin
Blend of probability + unit. Coined by American statistician Chester Ittner Bliss in 1934: “These arbitrary probability units have been termed ‘probits’…”