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Re: st: probit mean
I don't know about what was meant by the first part, but the second part
"My colleague estimates a probit model and then puts mean projections
into the explanatory variables..." is a silly way to proceed. Think
about it. You would be finding the probability for the "average"
person, i.e. one with a gender of 0.46, for example. It is far better
to average out the probabilities.
Dirk Nachbar wrote:
A colleague received a reply from an academic saying " Remember that
the probit does not predict at the mean and an adjustment needs to be
made for this." Unfortunately I couldn't tell him what she meant by
that. My colleague estimates a probit model and then puts mean
projections into the explanatory variables to predict a dependent
Does any of you know what the academic meant by that?
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