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st: Dependent ordered variable


From   Tobias Bertschinger <[email protected]>
To   [email protected]
Subject   st: Dependent ordered variable
Date   Mon, 28 May 2012 09:52:52 +0200

Hi
I'm currently analyzing data which have an approximately normal distributed dependent variable Y (dependent_var) and I also have a couple of dependent variables.
I want to test the influence of credit ratings (ordered, e.g. AAA, AA+, AA, AA-...) as the main independent variable and a couple of control variables.

What kind of test should i use?
Are there other tests than:
(1) include the credit rating as a dummy variable
(2) use xi: regress dependent_var i.credit_rating control_vars
(3) use xi3: regress dependent_var b.credit_rating control_vars
?

Thanks for your help!
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