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How does one set up a probit model?

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  1. #1
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    Join Date
    12-15-2009
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    Houston, TX, USA
    MS-Off Ver
    Excel 2007
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    86

    How does one set up a probit model?

    I have a data set with two variables, one is a discrete latent variable (only has a value of 0 for failure or 1 for success). The other is a continuous independent variable, which also ranges from 0-1.000. Input options: Labels, Confidence Level = 95%, Constant Is Zero (check all 3).

    I want to estimate a probit equation using excel, and see all the descriptive statistics (r-squared, t-stats, etc) for the model. A plot would also be a nice addition, but I know how to do that if I can get the equation sorted out. So the key is definitely a PROBIT model.

    Example is attached, perhaps I have already answered my own question and I am not bright enough to know it. If I have, please forgive me
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