Perform a tobit regression of expenditure on your commodity


Problem

Using the CES data set, perform a tobit regression of expenditure on your commodity on total household expenditure, and compare the slope coefficient with those obtained in OLS regressions including and excluding observations with 0 expenditure on your commodity.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

Request for Solution File

Ask an Expert for Answer!!
Econometrics: Perform a tobit regression of expenditure on your commodity
Reference No:- TGS02089093

Expected delivery within 24 Hours