Tobit Model - Variations of The Tobit Model

Variations of The Tobit Model

Variations of the Tobit model can be produced by changing where and when censoring occurs. Amemiya (1985) classifies these variations into five categories (Tobit type I - Tobit type V), where Tobit type I stands for the first model described above. Schnedler (2005) provides a general formula to obtain consistent likelihood estimators for these and other variations of the Tobit model.

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