Hirschberg, Joseph G. (contributor); … - 2008
. One approach is to use the Tobit
model (see eg Tansel and Bircan 2006) which assumes that the same set of variables … determine both the
probability of a non-zero consumption and the level of expenditure. A modification of the Tobit model is … expenditure with 95% Fieller confidence intervals.
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4.3 The Tobit model for estimation
Due to the level of detail of an …