truncated sample

Show Summary Details

Quick Reference

A sample from which some observations have been systematically excluded, in other words, a sample drawn from a restricted part of a population, rather than from the entire population. An example is a sample of households with income below a certain level: the households with income above that specified level are systematically excluded. In this case, if the dependent variable is income, applying ordinary least squares to the truncated sample renders the estimators inconsistent.

Subjects: Economics.

Reference entries

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.