Can anyone point me in a direction that may assist in understanding the Tobit model for latent demand?

01 January 2014 1 2K Report

I understand the model explains greatly when demand (dependent variable) is not consistent among all samples. However, I am struggling to make the connection behind the statistical evidence behind the probability density and cumulative density of the variables in question.

Ryan Daly

I'm thinking my issue behind understanding this fully is because I have not been introduced to likelihood functions....

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