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Bicop: A Command for Fitting Bivariate Ordinal Regressions with Residual Dependence Characterized by a Copula Function and Normal Mixture Marginals

Hernández-Alava, Mónica and Pudney, Stephen (2016) 'Bicop: A Command for Fitting Bivariate Ordinal Regressions with Residual Dependence Characterized by a Copula Function and Normal Mixture Marginals.' The Stata Journal: Promoting communications on statistics and Stata, 16 (1). 159 - 184. ISSN 1536-867X

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Abstract

<jats:p> In this article, we describe a new Stata command, bicop, for fitting a model consisting of a pair of ordinal regressions with a flexible residual distribution, with each marginal distribution specified as a two-part normal mixture, and stochastic dependence governed by a choice of copula functions. The bicop command generalizes the existing biprobit and bioprobit commands, which assume a bivariate normal residual distribution. We present and explain the bicop estimation command and the available postestimation commands using data on financial well-being from the UK Understanding Society Panel Survey. </jats:p>

Item Type: Article
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HA Statistics
Divisions: Faculty of Social Sciences > Institute for Social and Economic Research
Depositing User: Jim Jamieson
Date Deposited: 27 May 2016 13:39
Last Modified: 22 May 2021 02:15
URI: http://repository.essex.ac.uk/id/eprint/16805

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