Re: [Gretl-users] Threshold in Logit/Probit Models

Thank you Sven, What does the $yhat mean actually? PG *Periklis Gogas <http://www.econ.duth.gr/personel/dep/gkogkas/index.en.shtml>* Associate Professor of Economic Analysis and International Economics Department of Economics, Democritus University of Thrace Associate Editor - Journal of Economic Asymmetries <https://www.journals.elsevier.com/the-journal-of-economic-asymmetries/> Euro Area Business Cycle Network - Fellow <http://www.eabcn.org/person/periklis-gogas> The Rimini Centre for Economic Analysis - Fellow <http://www.rcfea.org/component/option,com_frontpage/Itemid,1/> The Society for Economic Measurement - Member <http://sem.society.cmu.edu/home.html> Institute for Nonlinear Dynamical Inference (INDI) - Charter Fellow <http://icemr.ru/institute-for-nonlinear-dynamical-inference/> On Sun, Apr 7, 2019 at 8:14 PM Sven Schreiber <svetosch(a)gmx.net&gt; wrote: > Am 07.04.2019 um 17:17 schrieb Periklis Gogas: > > Thanks a lot! I will try that! > > > On Sun, Apr 7, 2019 at 4:19 PM Allin Cottrell <cottrell(a)wfu.edu > > <mailto:cottrell@wfu.edu>> wrote: > > > > On Sun, 7 Apr 2019, Periklis Gogas wrote: > > > > > Hello all! > > > > > > Can we set the threshold to alternative values than 0.50 in Logit > > models? > > > If not, it would have been a nice addition if it is easy. > > > One step (or many more complex) would be to produce results for > > i.e. 10 > > > alternative levels and also the corresponding ROC curve. > > > > Try Peter Summers' "roc" function package. If you're unfamiliar with > > such packages see /Help/Packages. > > Maybe this is redundant, but let me just add that the $yhat accessor > after logit contains the predicted probability, not a binary 0-1 > outcome. So a user may map these probabilities to 0-1 with any threshold > she chooses. > > (For example like: series y01 = ($yhat > 0.3)) > > cheers > sven > > _______________________________________________ > Gretl-users mailing list > Gretl-users(a)lists.wfu.edu > http://lists.wfu.edu/mailman/listinfo/gretl-users >