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Some Statistical Models for Limited Dependent Variables with Application to the Demand for Durable Goods
John G. Cragg
Vol. 39, No. 5 (Sep., 1971), pp. 829-844
Published by: The Econometric Society
Stable URL: http://www.jstor.org/stable/1909582
Page Count: 16
You can always find the topics here!Topics: Statistical models, Parametric models, Mathematical dependent variables, Modeling, Mathematical independent variables, Coefficients, Logarithms, Durable goods, Zero, Economic models
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Several models for limited dependent variables (variables having a non-negligible probability of exactly equaling zero) are examined. Estimation in and discrimination among the various models are considered, followed by a small sampling experiment into the procedures and an example of their application.
Econometrica © 1971 The Econometric Society