R: Tobin's Tobit data

tobin {survival} | R Documentation

## Tobin's Tobit data

### Description

Economists fit a parametric censored data model called the ‘tobit’. These data are from Tobin's original paper.

### Usage

    tobin

### Format

A data frame with 20 observations on the following 3 variables.

durable

  Durable goods purchase

age

  Age in years

quant

  Liquidity ratio (x 1000)

### Source

J Tobin (1958), Estimation of relationships for limited dependent variables. Econometrica 26, 24–36.

### Examples

    tfit <- survreg(Surv(durable, durable>0, type='left') ~age + quant,
                    data=tobin, dist='gaussian')

    predict(tfit,type="response")

[Package survival version 3.2-7 Index]