probit/logit models: calculation of the probability of event

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Anna30
Posts: 2
Joined: Sat Oct 17, 2009 1:27 pm

probit/logit models: calculation of the probability of event

Postby Anna30 » Sat Oct 17, 2009 1:58 pm

Hey!
my question is pretty easy.... I need to calculate probabilities of event (of being employed) , given the values of explanatory variables (characteristics for a particular individual - a man/a woman with a given age, years of education and so on). this is using logit and probit models.
I've estimated the logit and the probit.
I think I must find first the scalar, substituting age, years of education and so on.. into the equation and using the obtained coefficients. But how do I do it in EViews?
After that I think I must just get scalar man_prob=@dnrom(scalar from above) or scalar man_prob=@dlogostic(scalar from above).
is it correct ? and how exactly can I do it in EViews?
thank you for help!!!
Anna

hetero
Posts: 18
Joined: Tue Sep 08, 2009 11:40 am

Re: probit/logit models: calculation of the probability of event

Postby hetero » Sun Oct 18, 2009 5:00 am

From the estimated equation window select: view representations.

Now select and copy the formula for the substituted coefficients. It should look like, depending on the variables you have used, something like this: GRADE = 1-@CNORM(-(-7.45231964735 + 1.62581003927*GPA + 0.0517289454976*TUCE + 1.42633234193*PSI))

Paste the formula to the command field and modify it according to your needs
e.g. scalar prob_grade = 1-@CNORM(-(-7.45231964735 + 1.62581003927*3.2 + 0.0517289454976*21 + 1.42633234193*1))
you define the prob. as a scalar named: prob_grade and at the same time you substitute your independent variables with the desired values

Regards
Last edited by hetero on Tue Oct 20, 2009 10:24 am, edited 3 times in total.

Anna30
Posts: 2
Joined: Sat Oct 17, 2009 1:27 pm

Re: probit/logit models: calculation of the probability of event

Postby Anna30 » Sun Oct 18, 2009 7:34 am

thank you!

Jirka
Posts: 6
Joined: Tue Nov 19, 2013 4:12 pm

Re: probit/logit models: calculation of the probability of e

Postby Jirka » Thu Apr 09, 2015 4:08 pm

Hi, please, I would like to compute a probability from logit equation and show in a graph, how probability is changing when changing some variable, other variables staying equal. Could you help me writing a program code with such loop please? I am only an amateur as regards programming...Thank you!

EViews Glenn
EViews Developer
Posts: 2643
Joined: Wed Oct 15, 2008 9:17 am

Re: probit/logit models: calculation of the probability of e

Postby EViews Glenn » Fri Apr 10, 2015 8:07 am

There's an example in the manual.


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