A Graphical Exposition of the Ordered Probit

William Becker and Peter Kennedy

Econometric Theory, 1992, vol. 8, issue 1, 127-131

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].

Date: 1992
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