* Grouped Probit Model for House Ownership * * Keywords: * regression, probability, grouped, probit, house, ownership * * Description: * We illustrate how to estimate a Grouped Probit Probability Model for * House Ownership * * Author(s): * Skif Pankov * * Source: * Damodar N. Gujarati and Dawn C. Porter, Basic Econometrics - 5th Edition * McGraw-Hill International Edition, Chapter 15, Example 15.6 (page 568) * sample 1 10 * Reading the datafile and naming variables read (data_15.6.shd) inc nt n * Generating the empirical probability of owning a house, conditional on * income genr p = n/nt * For each estimated probability, finding its normal inverse critical value distrib p / inverse type = normal critical = I * Converting critical values from P(X>p) tp P(X