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st: how to interpret the fitted value from first stage probit modle


From   yi jiang <yistata@gmail.com>
To   statalist@hsphsun2.harvard.edu
Subject   st: how to interpret the fitted value from first stage probit modle
Date   Wed, 23 Feb 2005 12:22:34 -0800

i remember someone here talked about running probit modle in the first
stage and then use the fitted value as an independent variable for the
second stage regression.
How to interprete the fitted value in the second stage when it's no
longer 0 or 1 ?
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