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A Graphical Exposition of the Ordered Probit

Published online by Cambridge University Press:  18 October 2010

William E. Becker  and
Peter E. Kennedy
William E. Becker
Affiliation:
Indiana University
Peter E. Kennedy
Affiliation:
Simon Fraser university
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Extract

The use of probit and logit models has become quite common whenever the dependent variable in a regression is qualitative. These models have been used to explain either/or choices and decisions involving multiple alternatives. A two-dimensional graphical interpretation of these different models has been provided by Johnson [3]. The purpose of this paper is to provide a three-dimensional graphical exposition of the ordered probit model, which was first estimated by McKelvey and Zavoina [4] and is now built into computer packages, such as LIMDEP [1].

Type
Miscellanea
Information
Econometric Theory , Volume 8 , Issue 1 , March 1992 , pp. 127 - 131
Copyright
Copyright © Cambridge University Press 1992

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References

REFERENCES

1.Greene, W.H.LIMDEP: An econometric modeling program for the IBM PC. The American Statistician 39 (1985): 210.CrossRefGoogle Scholar
2.Greene, W.H.Econometric Analysis. New York: Macmillan, 1990.Google Scholar
3.Johnson, T. The analysis of qualitative and limited responses. In Becker, W. and Walstad, W. (eds.) Econometric Modeling in Economic Education Research, pp. 141 & ndash;184, Boston: Kluwer Nijhoff, 1987.Google Scholar
4.McKelvey, R.D. & Zavoina, W.. A statistical model for the analysis of ordinal level dependent variables. Journal of Mathematical Sociology 4 (1975): 103 & ndash;120.CrossRefGoogle Scholar