Module 11: Tobit Models
This training module introduces the Type I Tobit model and how to implement it in Stata.
The general objective of this training module is to provide an overview of the Type I Tobit model and the situations in which it is appropriate to use it.
The more specific objectives are to:
- Provide a review of corner solutions, what they entail, and the pros/cons of using OLS in such cases.
- Discuss the type I Tobit model as a solution to the OLS shortcomings.
- Demonstrate how to estimate the type I Tobit model in STATA.
- Discuss how to report the results of the type I Tobit model.
Veronique Theriault (MSU), Nicole Mason-Wardell (MSU), Paul Samboko (MSU)