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st: Re: Predicted value and dummy explantory variables
-mfx- calculates the marginal effects at the mean values of the
independent variables. Evaluating a male-female dummy variable at its
mean is therefore not as unusual as you think.
--- Clive Nicholas <Clive.Nicholas@newcastle.ac.uk> wrote:
> Dawat Lidia wrote:
> > I am estimating OLS regression model. From this I was trying to
> > estimate the
> > predicted value holding regressors at their mean value. But I am
> > not clear
> > if I can also hold dummy regressors at their means value. Is it
> > justifiable
> > to put dummy explantory variables at their mean value and obtain
> > the predicted value ?
> No, it isn't: how can it be? If your dummy variable is gender, how
> can it
> possibly make sense to estimate the effect of being 0.47 of a male
> on whatever the response of interest is?
> A quick solution to your problem is to pop along to -whelp adjust-.
> you'll find that you can hold your continuous predictor and
> variables at their means (if you desire), whilst setting your
> dummies at 0 or 1 (or both, if you choose to -adjust- twice).
> CLIVE NICHOLAS |t: 0(044)7903 397793
> Politics |e: firstname.lastname@example.org
> Newcastle University |http://www.ncl.ac.uk/geps
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