Dear Friends;
I am running a Probit model where the dataset has a large number of zero values (98%) with "0" representing "Not faced Violence" and "1" representing "Faced Violence". I tried using "zioprobit" but the results are showing "Cut 1" whereas I am not sure why a Probit model has to have "Cut 1"?
1) Are we doing the correct modelling as we want to adjust for a large number of zeroes in the Probit model?
2) Does STATA using "zioprobit" command automatically distinguish whether the dependent variable is binary or has multiple categories/values?
3) Also Why "z" statistic is showing a -ve sign while the coefficient if positive?
Regards