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A Graphical Exposition of the Ordered Probit

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  • Becker, William E.
  • Kennedy, Peter E.

Abstract

The use of probit and logit models has become quite common whenever the dependent variable in a regression is qualitative. These models have been used to explain either/or choices and decisions involving multiple alternatives. A two-dimensional graphical interpretation of these different models has been provided by Johnson [3]. The purpose of this paper is to provide a three-dimensional graphical exposition of the ordered probit model, which was first estimated by McKelvey and Zavoina [4] and is now built into computer packages, such as LIMDEP [1].

Suggested Citation

  • Becker, William E. & Kennedy, Peter E., 1992. "A Graphical Exposition of the Ordered Probit," Econometric Theory, Cambridge University Press, vol. 8(1), pages 127-131, March.
    • Handle: RePEc:cup:etheor:v:8:y:1992:i:01:p:127-131_01
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