Derive the likelihood for the tobit type II model. Show that your likelihood reduces to equation (16.5)
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Derive the likelihood for the tobit type II model. Show that your likelihood reduces to equation (16.5) in the case of uncorrelated disturbance terms.
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Regression Modeling With Actuarial And Financial Applications
ISBN: 9780521135962
1st Edition
Authors: Edward W. Frees
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