BlockchainLegend
Wed Oct 02 2024
|
6 answers
1129
Why use ordered probit?
I'm curious, why would one choose to use ordered probit in their analysis? It seems to be a specific statistical method, so what advantages does it offer over other techniques like logistic regression or ordinary least squares? I'm particularly interested in how it handles ordinal dependent variables and how it differs from unordered probit. Can you explain the rationale behind its application and when it would be the most appropriate choice?
