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st: dtobit Interpretation
Hello,
I am trying to interpret the output of -dtobit- for a continuous, level
variable.
For example:
If -dtobit- returns that the marginal effect at the mean of the
probability of being uncensored is 0.002 for x1, can I say that "if x1
increases by 10 from the mean, then the probability of being uncensored
increases by 0.02 other things equal"?
Similarly, if -dtobit- returns that the marginal effects at the mean of
the conditional expectation is -1.45 for x2, do I say that "if x2
increases by 100 from the mean, then the conditional expectation
decreases by $145"?
This seems too simple given the nonlinearities involved in the calculations.
I would really appreciate any suggestions on giving the decomposed
marginal effects an economic interpretation.
Thanks,
Abra
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