Fitting Tobit and Other Limited Dependent Variable Models
1h 41m + Hands-On Practice
Available in:
Fitting Tobit and Other Limited Dependent Variable Models
BAMP3 : BAMP3
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.
The e-learning version of this course includes data so that you can practice the software demonstration steps in your own SAS environment.
The e-learning version of this course includes data so that you can practice the software demonstration steps in your own SAS environment.
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
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 1: Essentials
- have experience using the GLM and REG procedures in SAS/STAT software. You can gain this experience by completing Statistics 1: Introduction to ANOVA, Regression, and Logistic Regression.
SAS Products Covered
None
Course Outline
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
Live Class Schedule
Duration: 3.5 hours
Step into our live classes and experience a dynamic learning environment where you can ask questions, share ideas, and connect with your instructor and classmates. With on-demand lab hours, you can explore the material at your own pace. Our globally acclaimed instructors will motivate you to think bigger, so you can take what you've learned and achieve your biggest goals.
This course isn't publicly scheduled, but private training and mentoring may be available. Contact us to explore options.
Private Training
Get training tailored specifically for your team, led by expert SAS instructors. Choose from virtual sessions, or training at your location (or ours). Perfect for teams seeking a customized curriculum and plenty of interaction with a SAS specialist. We'll schedule it at a time that works for you.
Mentoring Services
Take your training to the next level with personalized mentoring. While private training offers structured coursework, mentoring provides hands-on, real-time support from a subject matter expert. As you work with your own data, you'll receive expert guidance to help you uncover insights, unlock the full potential of your data, and make faster progress. Perfect for those looking to apply what they’ve learned and see quicker results.