Hello users of Shazam,
I use the logit-estimator (logistic regeression). Alle my variables (dependent & independent) are dichotomous. Shazam calculates the marginal probabilities of the variables. The notion "typical case" is important when the marginal probabilities are calculated. According to the Shazam manual - see last version, p. 313:
"An approach is to set values to represent a "typical" case. A "typical case" can be defined by setting all dummy variables to their modal values and all other variables to their mean values".
Question: What is meant by "modal value"? Is it the most frequent value of the random dummy variable?