Hi,
I have a dependent variable that is left-censored in the following sense. Any values equal to 1 or above are recorded with their actual value. Any values less than 1 are coded as zero. I thought I had to run the estimation as
tobit y x, ll(1)
However, if I do this, then Stata also counts all observations with value of 1 as censored. Should I therefore run
tobit y x, ll(0) or something like tobit y x, ll(0.99)?
Any help greatly appreciated. Best, Eric Neumayer
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