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A Test for Misspecification in the Censored Normal Model

Econometrica 1981 49(5), 1317
[Estimates of parameters in Tobit and other models for limited, truncated and censored dependent variables are not robust against misspecification. A test of the standard assumptions against a general misspecified alternative in the univariate censored normal model is derived and extended to the Tobit regression case. Computational ease and freedom from specification of a specific alternative hypothesis are primary attractions of the test.]