Dear Folks,

My code is like....

mlogit

margins, dydx(*) atmeans predict(pr outcome(1))

margins, dydx(*) atmeans predict(pr outcome(2))

margins, dydx(*) atmeans predict(pr outcome(3))

Outcome 3 is my reference category (No turnover), 1 for Forcecd (Turnover) and 2 for (Voluntarily Turnover)

For a continuous variable

a 1-unit increase in 3-year EPS volatility results in 2.7 percentage points

For a dummy variable

The probability of firms doing forced turnover in basic materials, financials, healthcare and utilities industries is 0.27, 0.25, 0.31 and 0.35 higher respectively than firms in the consumer services group.

Concerning voluntarily turnover sample, only financial industry has a significant coefficient, so that the choice of financials is associated with a 35 percentage point reduction in the probability of voluntarily turnover.

Is it still compulsory to mention percentage points or both of these interpretations are right? Are marginal effects relative to the base category like mlogit, or is it related to the category we are discussing?

Regards,

Michael

My code is like....

mlogit

margins, dydx(*) atmeans predict(pr outcome(1))

margins, dydx(*) atmeans predict(pr outcome(2))

margins, dydx(*) atmeans predict(pr outcome(3))

Outcome 3 is my reference category (No turnover), 1 for Forcecd (Turnover) and 2 for (Voluntarily Turnover)

For a continuous variable

a 1-unit increase in 3-year EPS volatility results in 2.7 percentage points

*decrease*in the probability of facing forced turnoverFor a dummy variable

The probability of firms doing forced turnover in basic materials, financials, healthcare and utilities industries is 0.27, 0.25, 0.31 and 0.35 higher respectively than firms in the consumer services group.

Concerning voluntarily turnover sample, only financial industry has a significant coefficient, so that the choice of financials is associated with a 35 percentage point reduction in the probability of voluntarily turnover.

Is it still compulsory to mention percentage points or both of these interpretations are right? Are marginal effects relative to the base category like mlogit, or is it related to the category we are discussing?

Regards,

Michael

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