Important Probability Distributions Discrete Probability Distributions Bernoulli Distribution Remarks: -Das (2002)approximates jumps of interest rates by a sequence of Bernoulli random variables. -Logit regression model P(X=1Z)= 1 1+exp(-B'Z) Important applications of logit regression include pattern recognition and classification analysis. Important Probability Distributions Introduction to Statistics and Econometrics June25,2019 10/135Important Probability Distributions Important Probability Distributions Introduction to Statistics and Econometrics June 25, 2019 10/135 Bernoulli Distribution Discrete Probability Distributions Remarks: