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RE: st: probit mean
I'll say what at least some others may be thinking.
If you want elaboration of the cryptic comments
of an unnamed academic, isn't there one obvious person
> 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
> > probability.
> > Does any of you know what the academic meant by that?
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