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st: Manual calculation of scale factors after tobit and/or truncreg [econometrics help]
From
Clara Mukuria <[email protected]>
To
[email protected]
Subject
st: Manual calculation of scale factors after tobit and/or truncreg [econometrics help]
Date
Thu, 11 Oct 2012 19:34:21 +0100
Hi,
I am trying to work out how to calculate the scale factor used to adjust
results after a tobit and/or a truncreg regression. i am using tobit to
map a condition-specific measure (several dimensions/items as
independent variables) onto a single generic measure which takes values
from -0.59 to 1.
I know there are several post estimation options, I am using the
'predict y, ystar(ll, ul)' option to assess how well the the model
predicts. However, the aim is to provide generate a mapping function
that can be used in other datasets to predict the single generic measure
so I need to work out the scale factor. I have seen different examples
for the marginal effects - which is what most studies are interested in
- but nothing for the option I am using. So my questions:
- is the post estimation option I am using appropriate?
- if it is, how do i calculate the scale factor so that other users can
use it to predict values?
- if it isn't, what is the most appropriate approach?
I also use truncreg in a two-part model - here the data is truncated
(excluding both y and associated independent variables). Again, I need
to work out the scale factor.
Any help or pointers are appreciated.
Thanks,
Clara
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