* 1 Set-up your do-file * 2 Load your data. * 3 Select one binary dependent variable. Select at least three independent * variables. Make sure that at least one of your independent variables is * continuous and another is binary. * 4 Explore these variables. * 5 Estimate a probit model and store the results. * 6 Predict probabilities for each observation. **Make sure to label the new variable created by predict. * 7 Estimate a logit model using the same variables and store the results. * 8 Predict probabilities for each observation. **Make sure to label the new variable created by predict. * 9 Use scatter to draw a scatterplot of the predictions from the **probit model against the predictions from the logit model. **What does this tell you? /* write your answer here */ * 10 Use prvalue to compute the predicted probability at **some specific value of the independent variables. **Interpret this. /* write your interpretation here */ * 11 Use prvalue,save and prvalue,dif to calculate a discrete change. **Interpret this. /* write your interpretation here */ * 12 Use prchange to calculate the discrete changes. **Interpret a couple of these. /* write your interpretations here */ * 13 Use prgen to plot the predicted probabilities over the range of a **continuous variable for the two levels of a binary variable **(this is similar to what is done on page 59 of the notes). **Interpret this. /* write your interpretation here */ * 14 Compare the logit and probit coefficients by listing them **side-by-side in a table. **Why are the unstandardized coefficients different? /* write your answer here */ * 15 Obtain the factor change coefficients using listcoef , help. **Interpret at least one of the unstandardized and **one the standardized factor change coefficients. /* write your interpretations here */ * 16 close log & exit do-file