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st: Probt: Marginal Effects Question
I have a question on the interpretation of marginal effects calculated in
Stata from running a probit.
I have a marginal effect of 0.429 - what does this mean?
Does this mean that for a 1 unit change in the independent variable, the
probability of the dependent variable taking a value of 1 increases by
42.9%? If so, I am unsure of what this 1 unit change is because some of my
independent variables are scaled and less than 1.
I would be greatful for any pointers
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