This video covers how you can run a regression model when you have a binary (a.k.a. dummy a.k.a. indicator) dependent variable. I go through the pros and cons of linear probability models, probit, and logit.
Пікірлер: 17
@mykhailozadorozhnyi4983 Жыл бұрын
Thank you, no one explained it so clearly, step by step, the previous step making it easier to understand the next step. Really got the Understanding of what is going on and not simply learned the formulas
@andreaong3 жыл бұрын
For someone who has basic knowledge in economics, you made it really easy to understand! Thank you so much :)
@_Anonymous_92 жыл бұрын
This was a really phenomenal video, great job!
@verasilva56132 жыл бұрын
Really useful! Thanky you so much Nick
@fernandagomes18393 жыл бұрын
Great explanation!
@marlind89393 жыл бұрын
Thank you for the great videos
@lamaramouffok48913 жыл бұрын
Hi Nick, First of all thank you for these great courses. if you had to recommend one great statistics textbook, which one would you recommend ?
@NickHuntingtonKlein3 жыл бұрын
I don't know pure-stats books well enough to compare them, but for introductory econometricians I'd say Wooldridge for the technical side, or Bailey for the intuitive side.
@lamaramouffok48913 жыл бұрын
@@NickHuntingtonKlein thanks for your quick answer.
@emptyxnes Жыл бұрын
Thank you for the explanation. So for the Logit, the 0.53 is in the index. As its a curve between 0-1. The change of one unit of x will vary with 4 units of x. How would one calculate that?
@NickHuntingtonKlein Жыл бұрын
I'm not sure I quite follow - which part of the video are you referring to?
@emptyxnes Жыл бұрын
@@NickHuntingtonKlein Hi thanks for the reply. Actually no specific portion of the video, just a general question. As logit is nonlinear, I was curious how one measures changes in x's. Like let say if you ran a logit regression and you got 0.53 for your caffeine coefficient [one could have other independent variables, but those are held constant] Your dependent variable is binary, sleep/awake. How would one measure the effect of a change of caffeine[1 cup, 3, cups, x cups]? Thanks again
@NickHuntingtonKlein Жыл бұрын
@@emptyxnes ah I see. That's what marginal effects calculations are for. I can't remember if I cover them in this video or the next one but I have a video on it.
@emptyxnes Жыл бұрын
@@NickHuntingtonKlein You did :) thanks
@ishanrai80902 жыл бұрын
could you please share the slides as well?
@NickHuntingtonKlein2 жыл бұрын
github.com/NickCH-K/EconometricsSlides
@ishanrai80902 жыл бұрын
@@NickHuntingtonKlein Thanks a lot, wasn't expecting such a quick response!