1 / 1

Analyzing Censored Regression Models for Canadian Household Financial Data

Explore expected values, marginal effects, and implications of heteroscedasticity in Tobit model estimation for Canadian household financial data. Develop likelihood functions for censored regression models leading to unbiased parameter estimates.

kizzy
Download Presentation

Analyzing Censored Regression Models for Canadian Household Financial Data

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. AAE637 Topics for May 8, 2007 • Expected Values and Marginal Effects Under the Censored Regression Model • Development of the Likelihood Function for the Censored Regression Model • Application to Canadian HH FAFH • Implications of Heteroscedasticity under the Tobit model • Parameter Estimates Biased? • A Method for Accounting for Heteroscedasticity • Readings: Brown and Moffitt (1983), Gould, Saupe and Klemme (1989), Wang et al (1997)

More Related