The Model: Y* = β?₀ + Xβ + U,given U|x

question 19

Multiple Choice

The model: y* = β?₀ + xβ + u,given u|x ~ Normal(0,σ²) and y = max(0,y*) represents a:

• A)ARCH model.
• B)GARCH model
• C)Tobit model
• D)logit model

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