Re: st: AW: Tobit, negative predictesd values

[Maarten buis <maartenbuis@yahoo.co.uk>]

---  Solorzano Mosquera, Jenniffer wrote:
> I estimated a tobit model having intensity labor training
> as dependent variable and a group of firm characteristics
> which are presumpted as determinants of that intensity.
<snip>
> However I've been looking and I found that heavy censoring
> causes these kind of problems on predicted values and even
> worse when high proportion of censored cases is the situation.

That is perfectly consistent with the logic behind the -tobit-
model: It assumes that there is some latent variable (the ideal
intensity of training), but this can only be realized when this
ideal is larger than some cut-off point, in this case 0. 

The default for the predicted values are these ideal levels of
training (the linear predictor). So, what you found is that 
some employers ideally would want to take training away from 
their employees. If you think that that is not a senisible 
interpretation then the -tobit- may not be the suitable model 
for your situation. 

Hope this helps,
Maarten

--------------------------
Maarten L. Buis
Institut fuer Soziologie
Universitaet Tuebingen
Wilhelmstrasse 36
72074 Tuebingen
Germany

http://www.maartenbuis.nl
--------------------------


      

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