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- Mon Jun 25, 2012 12:39 pm
- Forum: Econometric Discussions
- Topic: Problem understanding Tobit
- Replies: 0
- Views: 1260
Problem understanding Tobit
Hi all, I have some problems understanding, when Tobit is appropriate. So far I know, that - when the dependent variable is censored, i.e. the probability distribution is truncated, I have to use Tobit. An example would the capacity of a football stadium with 20,000 seatings. If there is demand for ...