I am looking to predict the probability of recession (US) using various indicators from FRED. My dependent variable is USREC (a binary variable for whether the US was in a recession that month) and I'm using three other indicators as independent variables. I have since coded the following:
Currently I'm just looking at lags of INDPRO alone, and for some reason, only the logit command works, not the probit. Specifically, when I run the following:
I get results. But if I run the following:
stata just keeps 'iterating' non-stop and I never get any results. Any idea what the problem is?
Currently I'm just looking at lags of INDPRO alone, and for some reason, only the logit command works, not the probit. Specifically, when I run the following:
Code:
logit USREC L1.INDPRO L2.INDPRO L3.INDPRO, r
Code:
probit USREC L1.INDPRO L2.INDPRO L3.INDPRO, r