6. The following two regression models are Probit and Logit respectively: P(Y-112)-(B+B₁ × X₁ +₂× X₂) P(Y-11)-F(B+B xX₁ + ₂ × X₂) (a) what functions do and Frepresent? (b) How do Probit and Logit ensure that the predicted probabilities are always between 0 and 17 (c) Sketch a graph of the Y-(Z) function. (Z on the horizontal axis, Y on the vertical axis) (4) What estimation method is used t stimate the coefficients in a Probit Logit model? (e) What are the two measures of fit for models with binary dependent variables?

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Financial Statements

Financial statements (or financial reports) are the formal records of the financial activities that are undertaken by a firm. They are convenient instruments used for analyzing a company’s financial position and performance. Financial ratios are created with the help of the numerical values that are derived from the financial statements. They give meaningful information about the financial performance of the company.