Probit and Logit Models
Probit and logit models are among the most popular models. The dependent variable is a binary response, commonly coded as a 0 or 1 variable. The decision/choice is whether or not to have, do, use, or adopt. Examples include whether a consumer makes a purchase or not, and whether an individual participates in the labor market or not.
Handouts, Programs, and Data
Probit and Logit Models Example
Probit and Logit Models Stata Program and Output
Probit and Logit Models in Stata.do
Probit and Logit Models R Program and Output
Probit and Logit Models in R.R
Probit and Logit Models SAS Program and Output
Probit and Logit Models in SAS.sas
Probit and Logit Models SPSS Program and Output
Probit and Logit Models in SPSS.sps
Probit and logit models: topics covered
Linear regression model, probit, and logit models functional forms and properties
Model coefficients and interpretations
Marginal effects (and odds ratios) and interpretations
Goodness of fit statistics (percent correctly predicted and pseudo R-squared)
Choice between probit and logit
Economic models that lead to use of probit and logit models