Could you elaborate a little bit more?
I am trying to calculate the probability of reverse preferences for an outcome. I have the mean and standard deviation of the predicted outcome, how can I calculate the probability of the reverse? Thanks!
Could you elaborate a little bit more?
Agreed, I have no idea what you want to do. If I had to guess, you have a probability for an event and now you want the probability of non-event. But that seems off.
Stop cowardice, ban guns!
I'm sorry, that was a terrible explanation. I have completed a study using a random parameters logit model for preferences for an environmental good. I have the mean coefficient for preferences for a certain attribute of this good. As normal distributions imply that some people will have preferences with the opposite sign to the mean, I would like to work out the probability of this. E.g: mean coeff for more wind turbines= -0.123 (people have neg preferences for more), what is the probability that people will have positive preferences for more turbines? I think I can use the mean and standard deviation of the distribution but I'm not sure how.
Is that variable significant in your logistic reg model and how was it formatted?
Stop cowardice, ban guns!
The variable is significant at 1% level. I have used a choice set with different levels of turbines but the variable is set up as a continuous variable, so the result is for each additional turbine. I have other variables to establish also but these are dummies. These are also significant at 1% level.
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