Hi!
I am running a tobit regression model in stata, and would like to calculate the practical significance of my independent variables. I am trying to use the predict function to calculate yhat using the fitted model. The only change would be that I would change one independent variable by one standard deviation while keeping the other independent variables as it is. and similarly run the predict for each independent variable. Is creating a new data set where I change the independent variable by one SD, and then running predict for new dataset , the way to go about this?
Hope I was able to convey what i am trying to do. I am new to stata and would be grateful for any suggestions.
Thank you!
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