Logit Model - Urgent Help required!
Posted: Wed Jan 16, 2013 5:25 am
Please Help!
I am trying to run a logit model to analyse order aggressiveness. I am using a time series and when I try to estimate the logit method it gives the error
"DEPENDENT VARIABLE HAS NO VARIANCE".
My dependent variable which is the order aggressiveness is between numbers 1 and 6. I have checked my series and the numbers that appear under order aggressiveness is 1,2,3,4,5 and 6. All other independent variables also appear fine.
What can I do to fix the problem?
When I run a simple OLS, all variables work fine.
I do look forward to your response
I am trying to run a logit model to analyse order aggressiveness. I am using a time series and when I try to estimate the logit method it gives the error
"DEPENDENT VARIABLE HAS NO VARIANCE".
My dependent variable which is the order aggressiveness is between numbers 1 and 6. I have checked my series and the numbers that appear under order aggressiveness is 1,2,3,4,5 and 6. All other independent variables also appear fine.
What can I do to fix the problem?
When I run a simple OLS, all variables work fine.
I do look forward to your response