Hello. I am running an OLS model on a discrete
dependent variable that takes on whole number values
between 0 and 5, inclusive. It is actually an ordered
categorical, so an ordered logit would be more
approrpriate than OLS. But, OLS coefficients are
easier to explain. So, I figured I would make sure
the results are qualitatively identical, and then
present and interpret the OLS estimates.
Questions:
- The R2 is not very high. I think it is biased
downward by the fact that the dep var is not really
continuous. Is this true, and is there a good
reference I can look at to understand this?
-Are their any other big pitfalls to my decision to
run OLS on a variable that wasn't really made for OLS?
I appreciate your help. Thank you. Lloyd
__________________________________________________
Do You Yahoo!?
Tired of spam? Yahoo! Mail has the best spam protection around
http://mail.yahoo.com
*
* For searches and help try:
* http://www.stata.com/support/faqs/res/findit.html
* http://www.stata.com/support/statalist/faq
* http://www.ats.ucla.edu/stat/stata/
