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 ...
Environmental data often include left-censored values reported to be less than some limit of detection (LOD). While simple imputation of a specific value such as LOD/2 is common, maximum likelihood ...
Bayesian estimation and maximum likelihood methods represent two central paradigms in modern statistical inference. Bayesian estimation incorporates prior beliefs through Bayes’ theorem, updating ...