Browsing by Author "Gonzalez-Farias, Graciela"

Now showing 1 - 1 of 1
  • No Thumbnail Available
    Item
    Student-t censored regression model: properties and inference
    (2012) Arellano-Valle, Reinaldo B.; Castro, Luis M.; Gonzalez-Farias, Graciela; Munoz-Gajardo, Karla A.
    In statistical analysis, particularly in econometrics, it is usual to consider regression models where the dependent variable is censored (limited). In particular, a censoring scheme to the left of zero is considered here. In this article, an extension of the classical normal censored model is developed by considering independent disturbances with identical Student-t distribution. In the context of maximum likelihood estimation, an expression for the expected information matrix is provided, and an efficient EM-type algorithm for the estimation of the model parameters is developed. In order to know what type of variables affect the income of housewives, the results and methods are applied to a real data set. A brief review on the normal censored regression model or Tobit model is also presented.