Definition of Logit Model: A logit model is a univariate binary model. That is, for dependent variable y_i that can be only one or zero, and a continuous indepdendent variable x_i, that:

Pr(y_i=1)=F(x_i'b)
Here b is a parameter to be estimated, and F is the logistic cdf. The probit model is the same but with a different cdf for F. (Econterms)

Terms related to Logit Model:

• Logistic Distribution