Multiple Choice
What is accomplished by using a Tobit model rather than the least squares estimator?
A) it generate unbiased and consistent estimates on censored data
B) it corrects sample selection bias
C) it allows for choice models to be estimated using GLS
D) it generates the same unbiased coefficient estimates,but with smaller variances
Correct Answer:
Verified
Correct Answer:
Verified
Q9: When is a Tobit model used?<br>A)when you
Q10: Which of the following statements is not
Q11: When a substantial proportion of the observations
Q12: How is the average marginal effect calculated
Q13: What is the difference between count data
Q15: When should a Heckit model be used?<br>A)when
Q16: When testing hypotheses of probit or logit
Q17: What is the primary difference between ordered
Q18: For which type of model does the
Q19: How are logit and probit models different?<br>A)probit