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    Introductory Econometrics Study Set 1
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    Exam 17: Limited Dependent Variable Models and Sample Selection Correctons
  5. Question
    The Tobit Model Relies Crucially on Normality and Heteroskedasticity in the Underlying
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The Tobit Model Relies Crucially on Normality and Heteroskedasticity in the Underlying

Question 24

Question 24

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The Tobit model relies crucially on normality and heteroskedasticity in the underlying latent variable model.

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