Journal of Families and Better Life (가정과삶의질연구)

Korean Home Management Association (가정과삶의질학회)
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A New Interpretation Approach using Tobit Analysis : Simulations based on Type I Tobit of Amemiya - Focused on Childcare Services -

  • Published : 2001.12.01
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Abstract

The purposes of this study were first to construct statistical and econometric models based on Amemiya\`s Type I Tobit mainly addressing the issue of statistical efficiency; second to explore income, price, and curvilinear age effects on the explained variable in order to illustrates its statistical marginal effects related to econometric issues; finally to provide invaluable insight for graphical simulations as a new interpretation approach using Tobit analysis. Results indicated that interpretation for the mean marginal effects of three possible cases of dependent variable was more likely to be evident to understand Tobit results compared to conventional analysis only using latent variable, beta. Results also revealed that prediction value of dependent variable can be possibly and easily projected by the independent variable changed whereas only beta value can not illustrate its projection as independent variables'changes.

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References

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