Wilhelm, Mark Ottoni - In: Oxford Bulletin of Economics and Statistics 70 (2008) 4, pp. 559-582
Practical considerations for choosing between Tobit, symmetrically censored least squares (SCLS) and censored least absolute deviations (CLAD) estimators are offered. Practical considerations deal with when a Hausman test is better than a conditional moment test for judging the severity of a...