Explore the intricacies of qualitative response models in this 27-minute lecture, focusing on the logit and probit models. Gain a comprehensive understanding of these statistical techniques used to analyze categorical dependent variables. Examine practical examples that demonstrate the application and interpretation of these models in real-world scenarios. Delve into the mathematical foundations and assumptions underlying logit and probit models, and learn how to choose the appropriate model for different research questions. Enhance your analytical skills and expand your knowledge of advanced statistical methods in this concise yet informative session.