Regress the variable COLLEGE defined in Exercise 11.1 on ASVABC, MALE, SM and SF using probit analysis. Calculate the marginal effects and compare them with those obtained using OLS and logit analysis.
Exercise 11.1
Investigate the factors affecting going to college using your EAEF data set. Define a binary variable COLLEGE to be equal to 1 if S > 12 and 0 otherwise. Regress COLLEGE on ASVABC, SM, SF, and MALE (1) using ordinary least squares, and (2) using logit analysis .Calculate the marginal effects in the logit analysis and compare them with those obtained using OLS.