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Goals
Example in Stata
Binary Outcome
Examples:
Yes/No
Success/Failure
1 if y *i >
yi =
0 if y *i
Where is the threshold
=0
Probit
=
ln
(1 )
1 ( ) =
=0
Which to choose?
Data: NLSY 97
Interpretation
Logistic Regression
Log odds
Interpretation
Logistic Regression
Log odds
Interpretation
Probit Regression
Z-scores
Comparison of Coefficients
Variable
Logistic Coefficient
Probit Coefficient
Ratio
.4771
.2627
1.8
.2015
1.8
Predicted Probabilities
y*-standardized coefficients
Marginal effects
Likelihood Ratio
Wald test
test
lrtest
estat ic
fitstat
References