Scribd
Upload
40 views22 pages

Binary Probit: Notes

This document provides information on running a binary probit regression model, including descriptive statistics of the variables, estimates of the probit coefficients, and calculations of predicted probabilities. Specifically: 1. Table 1 shows the descriptive statistics for the dependent variable and Table 2 displays the estimates, descriptive statistics, and variable types for the independent variables in the probit model. 2. Additional sections provide tools to calculate predicted probabilities based on the model, plot predicted probabilities against a chosen independent variable, and compute factor changes and discrete changes in probabilities from changes in the independent variables. 3. The base values for running these calculations are shown in Table 3 and are taken from the descriptive statistics in Table 2, but can only be modified

Uploaded by

Seokho Seo
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLS, PDF, TXT or read online on Scribd
40 views22 pages

Binary Probit: Notes

This document provides information on running a binary probit regression model, including descriptive statistics of the variables, estimates of the probit coefficients, and calculations of predicted probabilities. Specifically: 1. Table 1 shows the descriptive statistics for the dependent variable and Table 2 displays the estimates, descriptive statistics, and variable types for the independent variables in the probit model. 2. Additional sections provide tools to calculate predicted probabilities based on the model, plot predicted probabilities against a chosen independent variable, and compute factor changes and discrete changes in probabilities from changes in the independent variables. 3. The base values for running these calculations are shown in Table 3 and are taken from the descriptive statistics in Table 2, but can only be modified

Uploaded by

Seokho Seo
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLS, PDF, TXT or read online on Scribd
You are on page 1/ 22

Binary Probit

Do not add or delete any rows or columns.

Notes
1. Enter all of your information in the light green cells, such as this:
2. Press <Ctrl+Shift+p> to see the XPost pull-down menu (Optional).
3. For statistical interpretations of probit regression, see Long (1996: 37-49).

Table 1. Descriptive Statistics for Y - optional Name


Mean
Std
Min
LFP
0.57
0.50
0.00

Max
1.00

Table 2. Estimates, Descriptive Statistics, Variable Types, and Base Values


Probit
Std
Variable
Variable
Coefs
z-value
Mean
Dev
Min
Max
Type
Constant
1.9184
5.04
----------K5
-0.8747
-7.70
0.24
0.52
0.00
3.00
C
K618
-0.0386
-0.95
1.35
1.32
0.00
8.00
C
Age
-0.0378
-4.97
42.52
8.07
30.00
60.00
C
WC
0.4883
3.60
0.28
0.45
0.00
1.00
B
HC
0.0572
0.46
0.39
0.49
0.00
1.00
B
Lwg
0.3656
4.17
1.10
0.59
-2.05
3.22
C
Inc
-0.0205
-4.30
20.13
11.63
-0.03
96.00
C

Base
Value
--M
M
M
M
M
M
M

T2

Table 2. Estimates, Descriptive Statistics, Variable Types, and Base Values


Logit
Std
Variable
Coefs
z-value
Mean
Dev
Min

Page 5

T2

Max

Variable
Type

Base
Value

Page 6

Calculator

Notes
1. Enter all of your information in the light green cells, such as this:
2. Predicted probabilities are given for base values shown in Table 2. Note base values can only be changed in the
3. In the green cells you can choose three variables and specify up to five values for that variable. Predicted probab
computed at these values with other values equal to the base values in Table 2.

Table 1. Predicted Probability


All Variables

Table 2. Base Values


Basic

Held at

Probabilities

2.

3.

Values

Base

0.578

K5

0.24

Mean

0.578

K618

1.35

Minimum

0.514

Age

42.52

Maximum

0.000

WC

0.28

HC

0.39

Lwg

1.1

With other variables held at the base values,

1.

Variables

vary the following variables and calculate

Inc

the predicted probabilities.

---

---

k5

0.658

---

---

0.320

---

---

0.090

---

---

0.013

---

---

0.001

---

---

0.524

---

---

0.708

---

---

---

---

---

---

---

---

wc

age

20.13

30

0.748

---

---

40

0.615

---

---

50

0.465

---

---

60

0.321

---

---

70

0.200

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

can only be changed in the Input sheet.


variable. Predicted probabilities are

Plotter

Do not add or delete any rows or columns.


Notes
1. Enter all of your information in the light green cells, such as this:
2. Enter information in Tables 1 and 2 about your graph. Note you can edit the graph as with any Excel chart

Table 1. Specification of x-variable.


X-variable to vary
Inc
Start Value
0
End Value
130
# of Points
8

With other variable at the base, vary this variable.


Enter the start value for the x-axis.
Enter end value for the x-axis.
2 to 20 points allowed

Table 2. Specification of control variable.


Value

Curve

Figure 1. Predicted Probability

Variable

Fixed at:

Label

Age 30

Curve 1

Age

30

Age 30

drop

Curve 2

Age

40

Age 40

1.00

Curve 3

Age

50

Age 50

0.90

Curve 4

Age

60

Age 60

0.80

Curve 5

Age

70

Age 70

0.70

Curve 6

drop

Predicted Probability

Curve #

Age 40

Age 50

0.60
0.50
0.40
0.30
0.20
0.10
0.00
0.00

20.00

40.00

60.00

80.00

x-Variable

e any rows or columns.

.
graph as with any Excel chart.

40.00

Table 3. Base Values


Age 40

Age 50

Age 60

Age 70

Variables
K5
K618
Age
WC
HC
Lwg
Inc
-----------

60.00

80.00

x-Variable

100.00

120.00

140.00

---------------------

---------------------------------------------------------

Table 3. Base Values

Table 4. Sources of Plot


x-value

Values

Curve 1

Curve 2

Curve 3

Curve 4

Age 30

Age 40

Age 50

Age 60

0.24

0.00

0.861

0.759

0.628

0.479

1.35

18.57

0.759

0.627

0.478

0.333

42.52

37.14

0.626

0.477

0.331

0.208

0.28

55.71

0.476

0.330

0.207

0.116

0.39

74.29

0.329

0.206

0.115

0.057

1.1

92.86

0.205

0.115

0.057

0.025

20.13

111.43

0.114

0.057

0.025

0.010

---

130.00

0.056

0.025

0.010

0.003

---

#N/A

---

#N/A

---

#N/A

---

#N/A

---

#N/A

---

#N/A

---

#N/A

---

#N/A

---

#N/A

---

#N/A

---

#N/A

---

#N/A

-----

---------------------------------------------------------

Curve 5

Curve 6

Age 70

drop

0.334
0.209
0.117
0.058
0.025
0.010
0.003
0.001

Discrete Change

Do not add or delete any rows or columns.

Notes
1.
2.

This page computes factor change and discrete change using the base values specified on the Inp
are shown on Table 3 below, but can only be changed on the Input sheet. There is nothing you ca
Do not add or delete any rows or columns.

Table 1. Factor Change (Not Applicable for Probit)


Variable

Logit
Coef.

Factor
Change
#NAME?

K5
K618
Age
WC
HC
Lwg
Inc
-----------------------------------------------

-0.875
-0.039
-0.038
0.488
0.057
0.366
-0.021
-----------------------------------------------

-7.703
-0.953
-4.971
3.604
0.461
4.165
-4.297
-----------------------------------------------

Table 2. Discrete Change

Std Factor
Change
#NAME?

-------------------------------------------------------------

Variable
#NAME?

-------------------------------------------------------------

#NAME?

K5
K618
Age
WC
HC
Lwg
Inc
-----------------------------------------------

Marginal
#NAME?

-0.342
-0.015
-0.015
0.191
0.022
0.143
-0.008
-----------------------------------------------

Range
#NAME?

-0.644
-0.122
-0.428
0.184
0.022
0.665
-0.642
-----------------------------------------------

-----------------------------------------

-----------------------------------------

-----------------------------------------

-----------------------------------------

-----------------------------------------

-----------------------------------------

-----------------------------------------

-----------------------------------------

values specified on the Input sheet; these values


t. There is nothing you can change on this page.

Table 3. Base Values


0-->1
#NAME?

------0.184
0.022
---------------------------------------------------

Centered
1
#NAME?

-0.332
-0.015
-0.015
----0.142
-0.008
-----------------------------------------------

Centered

Variable

Values

#NAME?

-0.177
-0.020
-0.119
----0.084
-0.093
-----------------------------------------------

K5
K618
Age
WC
HC
Lwg
Inc
-----------------------------------------------

0.24
1.35
42.52
0.28
0.39
1.1
20.13
-----------------------------------------------

-----------------------------------------

-----------------------------------------

-----------------------------------------

-----------------------------------------

-----------------------------------------

You might also like