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AAE637 Topics for May 8, 2007

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

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AAE637 Topics for May 8, 2007

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  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)

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