Description Usage Format Source
Economists fit a parametric censored data model called the ‘tobit’. These data are from Tobin's original paper.
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A data frame with 20 observations on the following 3 variables.
durable: Durable goods purchase
age: Age in years
quant: Liquidity ratio (x 1000)
J. Tobin, Estimation of relationships for limited dependent variables, Econometrica, v26, 24-36, 1958.
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