Tags:cryptocurrency price, decision making, economic experiments, probit model and software tools
Abstract:
During making decision the logit and probit patterns serve to resolve different issues based on statistical data regarding expediency or inappropriateness: opening LTD, investing funds, hiring employees, entering a new market, introducing innovations, etc. The purpose of the research is to reason the binary choice in the process of making economic decisions using logit and probit analysis. To achieve this goal, the following tasks are defined: investigation of the range of application of the logit and probit models; calculation of large amounts of data using the program Stata;development of decision support models using open data sources. Methods and technologies of research: using of logit and probit models to predict the probability of dealing between traders of cryptocurrencies using Stata tool.
Support of Decision Making in Economic Experiments Using Software Tools