Showing 1 - 2 of 2
Persistent link: https://www.econbiz.de/10010638640
The standard Tobit maximum likelihood estimator under zero censoring threshold produces inconsistent parameter estimates, when the constant censoring threshold γ is non-zero and unknown. Unfortunately, the recording of a zero rather than the actual censoring threshold value is typical of...
Persistent link: https://www.econbiz.de/10005607080