Can I use categorical independent variables in Tobit regression? If yes, how to interpret the result?
Dear,
Yes you can, please see this document
https://stats.oarc.ucla.edu/stata/dae/tobit-analysis/
See these links, please:
https://www.researchgate.net/post/why_we_use_Tobit_regression_instead_of_any_other_regression_model_to_estimate_the_determinants_of_efficiency_of_Micro-finance_institutions
https://www2.karlin.mff.cuni.cz/~pesta/NMFM404/tobit.html
https://www.researchgate.net/topic/Tobit
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