Statistical Glossary
Probit Models:
Probit models postulate some relation between the probit of the observed probability, and unknown parameters of the model.
The most common example is the model
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which is equivalent to :
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where F() is the cumulative distribution function of the standard normal distribution , a and b are parameters of the model.
The probit models are used mainly to describe the dose-effect relationship for living organisms, e.g. the relationship between the dose of a toxic substance (x) and the probability p of death of experimental animals exposed to the dose x of the substance. The dose x is often measured as the logarithm of the concentration.
There is usually not much difference between the values of y predicted from the probit model and logistic regression model. Today, the logistic regression models are more popular than the probit models.