Type I Tobit Bayesian Additive Regression Trees for Censored Outcome Regression
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arXiv
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| Format: | Preprint |
| Published: |
2022
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| _version_ | 1866910337077346304 |
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| author | O'Neill, Eoghan |
| author_facet | O'Neill, Eoghan |
| contents | Censoring occurs when an outcome is unobserved beyond some threshold value. Methods that do not account for censoring produce biased predictions of the unobserved outcome. This paper introduces Type I Tobit Bayesian Additive Regression Tree (TOBART-1) models for censored outcomes. Simulation results and real data applications demonstrate that TOBART-1 produces accurate predictions of censored outcomes. TOBART-1 provides posterior intervals for the conditional expectation and other quantities of interest. The error term distribution can have a large impact on the expectation of the censored outcome. Therefore the error is flexibly modeled as a Dirichlet process mixture of normal distributions. |
| format | Preprint |
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arxiv_https___arxiv_org_abs_2211_07506 |
| institution | arXiv |
| publishDate | 2022 |
| record_format | arxiv |
| spellingShingle | Type I Tobit Bayesian Additive Regression Trees for Censored Outcome Regression O'Neill, Eoghan Econometrics Censoring occurs when an outcome is unobserved beyond some threshold value. Methods that do not account for censoring produce biased predictions of the unobserved outcome. This paper introduces Type I Tobit Bayesian Additive Regression Tree (TOBART-1) models for censored outcomes. Simulation results and real data applications demonstrate that TOBART-1 produces accurate predictions of censored outcomes. TOBART-1 provides posterior intervals for the conditional expectation and other quantities of interest. The error term distribution can have a large impact on the expectation of the censored outcome. Therefore the error is flexibly modeled as a Dirichlet process mixture of normal distributions. |
| title | Type I Tobit Bayesian Additive Regression Trees for Censored Outcome Regression |
| topic | Econometrics |
| url | https://arxiv.org/abs/2211.07506 |