tobin {survival}R Documentation

Tobin's Tobit data

Description

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

Usage

tobin

Format

A data frame with 20 observations on the following 3 variables.

durable
Durable goods purchase
age
Age in years
quant
Liquidity ratio (x 1000)

Source

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

Examples

tfit <- survreg(Surv(durable, durable>0, type='left') ~age + quant,
                data=tobin, dist='gaussian')

predict(tfit,type="response")


[Package survival version 2.31 Index]