Suppose variable Y measures financial ratings A : y = 1, B : y = 2, and C : y = 3, that is, the creditworthiness A: high, B: intermediate, C: low for unit of measurement firm i. Model Y by means of an ordered Logit model as a function of {X1,X2} and estimate your model by means of a built-in command.   Question: Solve this in R using appropriate codes.

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.6: Exponential And Logarithmic Equations
Problem 16E
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Suppose variable Y measures financial ratings A : y = 1, B : y = 2, and C : y = 3, that is, the creditworthiness A: high, B: intermediate, C: low for unit of measurement firm i.

Model Y by means of an ordered Logit model as a function of {X1,X2} and estimate your model by means of a built-in command.

 

Question: Solve this in R using appropriate codes.

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