21. As with standard logit, the exploded logit model assumes no correlation in unobserved factors over alternatives. 22. All models in the system use discrete choice logit models, linked together in a consistent way. 23. Built-in allocation functions satisfy constraints that are sometimes not met by conventional approaches like logit . 24. Closely related to the logit function ( and logit model ) are the probit function and probit model. 25. Closely related to the logit function ( and logit model ) are the probit function and probit model. 26. In the logit model, the cumulative distribution of the error term in the regression equation is logistic. 27. For ordinal variables with more than two values, there are the ordered logit and ordered probit models. 28. For this reason, models such as the logit model or the probit model are more commonly used. 29. Some authors have extended multinomial regression to include feature selection / importance methods such as random multinomial logit . 30. In the logit model we assume that the random noise term follows a logistic distribution with mean zero.
