First of all, thank you for reading.
I have a question.
As a dependent variable, we use the average of 8 questions measured on a 5-point scale, and used a ordered logit.
However, using the average, we found that it did not have values of 1,2,3,4,5...it had values of 1, 1.2, 1.5, 2, 2.2, 2.5....
is a ordered logit possible in this case? the marginal effect has too many value.
If the dependent variable has these values, how do I analyze this? OLS(GLS)?
I'd appreciate it if someone could tell me..
thanks
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