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2012 Nov 06
1
Ordered probit using clm2
...I would like to do a ordered probit regression using clm2 (in the ordinal package). My dependent variable y is the way of payment in M&A: y=0 if the deal is financed by stock only, y=1 if the deal is financed by a mix of cash and stock and y=2 if it is by cash only. My independent variables are CollateralB, Cashavailable and Leverage. This is the code I wrote: > library(ordinal) > datareg<-read.xls("C:/regression.xls") > myprobit<-clm2(Newpercentagecash ~ CollateralB + CashavailableB + LEVERAGEB, data = datareg, link = "probit") Error in clm2(Newpercentagecash ~ C...