#62 Qualitative Response Models | Probit | Tobit Models | Part 2 | Introduction to Econometrics

Welcome to 'Introduction to Econometrics' course ! This lecture introduces the Tobit model, also known as a censored regression model or limited dependent variable model. It explains how the Tobit model handles situations where the dependent variable is censored or truncated, meaning that some values are not observed. NPTEL Courses permit certifications that can be used for Course Credits in Indian Universities as per the UGC and AICTE notifications. To understand various certification options for this course, please visit https://nptel.ac.in/courses/130106001 #LimitedDependentVariableModel #TobitModel #CensoredData #LatentVariable