I have not heard about the newest Tobit model just before, plus it obviously looks fascinating for coping with just this kind out of truncation problem (If only I got identified about this earlier!); I might be just as happy to look for somebody using you to definitely as a two-stage or mixture model.
I like the journal-change having instances when parameters will most likely work inside good multiplicative means towards the mainly based (like with your ple) and you may mistakes try log-usually distributed. I would personally merely declare that it is vital to try to understand what their shipment regarding mistakes would-be, and you will shot afterwords to find out if the a reasonable approximation. Continue reading “In addition to, I’m not at all some body who’d entirely reject conversion (that’d build me personally extremely hypocritical)!”