[R] quantifying the latent variable of an ordered probit

[ak13]

hi,

i have an ordered probit model where i estimate the probability of survey
participants to have selected a certain category of a censored latent
variable from a survey (the latent variable is the evolution of consumer
prices).  the latent variable is of course continuous, the survey however
just proposes 5 ordered qualitative categories for the evolution of consumer
prices in the next twelve months. can you suggest me a way to quantify the
underlying latent variable supposing that survey participants are answering
the survey having certain thresholds (cut-off points) in mind? i am glad
about every hint!

best regards,

ak


  



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