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Course fee and EPTO/APTO units differ for on-site training.Fitting Tobit and Other Limited Dependent Variable Models
Business Knowledge Series course (Live Web)
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Duration: 1
half-day session Please note the System Requirements below. Course fee: $300 EPTO units: 0.6 CEUs: 0.3 | ||
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Presented by Mike Patetta, statistical services specialist in the Education Division of SAS Institute
This course illustrates how to fit Tobit models, truncated models, and sample selection models in the QLIM procedure. Tobit models are censored regression models that are used when the dependent variable has a limited distribution because of censoring. For example, a value of 100 for the dependent variable might mean 100 or less, but we do not know how much less. Tobit models and other limited dependent variable models are used in many fields such as biostatistics, insurance, finance, physical sciences, and econometrics.
Learn how to
- fit a Tobit model in the QLIM procedure
- fit a truncated distribution model in the QLIM procedure
- fit a sample selection model in the QLIM procedure.
Who should attend
Econometricians, business analysts, biostatisticians, and physical scientists, and social scientists
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Prerequisites
Before attending this course, you should
- have experience creating SAS data sets and using Base SAS procedures. You can gain this experience by completing SAS Programming I: Essentials
- have experience using the GLM and REG procedures in SAS/STAT software. You can gain this experience by completing Statistics I: Introduction to ANOVA, Regression, and Logistic Regression
Course Contents
Fitting Tobit Models
- introduction to Tobit models
- fitting Tobit models in PROC QLIM
- truncated distribution models
- sample selection models
- fitting Tobit models in PROC LIFEREG
- References
Course Materials
Students attend Live Web classes using a Web browser and a telephone and interact with
their instructor and fellow classmates in real time. Each student receives an e-mail
with instructions on how to join the class three business days before the class begins.
The instructions e-mail includes a link to download the course materials.
Students need to download and print the course materials prior to class.
System Requirements
For Live Web, you must
- review and meet the general system requirements.
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