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Analyzing Income Change Elasticity: Application of Tobit Model in Canadian Household Financial Analysis

Explore how the Heteroscedastic Tobit Model is applied to Canadian household financial data, test for heteroscedasticity using likelihood ratio, and assess elasticity impacts of income changes. Reflect on achievements over the past 4.5 months and get a glimpse into the upcoming AAE743 course on Applied Consumption Analysis in Spring '08.

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Analyzing Income Change Elasticity: Application of Tobit Model in Canadian Household Financial Analysis

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  1. AAE637 Topics for May 10, 2007 • Application of the Heteroscedastic Tobit Model to Canadian HH FAFH • Likelihood Ratio Test for Hetero • Elasticity Impacts of Income Change • Summary of What We Have Achieved over the last 4.5 months • A Pitch for AAE743: Applied Consumption Analysis, Spring ‘08

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