Update: I used the following code:
predict(h15, type = "zero")
When I do this the min=.2540 and max=136.9599 The max doesn't make sense because we are talking about probability. Can someone explain this to me please?
I need to find the min and max predicted probability of a hurdle model? I have provided my code and a picture of what I get. From here I am unsure how to find the min and max probability of having any derogatory marks against one’s credit, among those sampled.
library(AER)
cc <- CreditCard
newcc <- cc[c(-79, -324, -435, -462, -656, -659, -1195),]
h15 <- hurdle(reports ~ share + owner + active | share + owner +
months + active , data = newcc, dist = "negbin")
summary(h15)
