Note the following about the Tobit2.jmp data table:
|
•
|
The response variable is a measure of the durability of a product and cannot be less than zero (Durable, is left-censored at zero).
|
|
•
|
Age and Liquidity are independent variables.
|
|
•
|
The table also includes the model and tobit loss function. The model in residual form is durable-(b0+b1*age+b2*liquidity). To see the formula associated with Tobit Loss, right-click on the column and select Formula.
|
|
1.
|
|
2.
|
Select Analyze > Specialized Modeling > Nonlinear.
|
|
3.
|
|
4.
|
|
5.
|
Click OK.
|
|
6.
|
Click Go.
|
|
7.
|
Click Confidence Limits.
|
Figure 14.13 Solution Report
