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Description:

Economists fit a parametric censored data model called the ‘tobit’. These data are from Tobin's original paper.

Variables:

A data frame with 20 observations on the following 4 variables.

durable

Durable goods purchase

age

Age in years

quant

Liquidity ratio (x 1000)

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References/Notes/Attributions:

Source

J Tobin (1958), Estimation of relationships for limited dependent variables. Econometrica 26, 24–36.

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