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A random variable or stochastic variable is a value that is subject to chance variation (i.e., randomness in a mathematical sense).

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Random censoring threshold

I am trying to estimate the following censored model: $y_{it}=\beta X_{it} + \epsilon_{it}$. I only observe $y_{it}$ if $y_{it}\leq z_{it}$, otherwise $y_{it}=z_{it}$. The trick is that $z_{it}$ itsel …
Marius Zoican's user avatar