one way is as a linear regression with the outcome variable being the
unobserved continuous variable, Y* that has stadnard deviation 1.
a better way is to do simulations for each of the categories, given some
specific values of the X's.
Gary
On Mon, 26 May 2003, Traci Burch wrote:
How does one interpret ordered logit coefficients? I
remember from
class that regular probit coefficients mean something like the fraction
of a standard deviation the underlying coefficient will
increase/decrease with a one unit increase in x. Is there a similar way
of understanding ordered logit?
Traci