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Joint estimation of farmers' farm and off-farm work participation requires a multivariate probit model, in which the number of equations is twice the number of household members. Where there are more ...

2021 FEB 12 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News-- New research on risk management is the subject of a new report. According to news reporting out of the Faculty of ...

Analyses of multivariate ordinal probit models typically use data augmentation to link the observed (discrete) data to latent (continuous) data via a censoring mechanism defined by a collection of ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...