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Homoskedastic

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Homoskedastic
Describing a sequence of variables where each variable has the same or a very similar variance. Homoskedasticity is often assumed in statistics but is not always true. See also: Heteroskedastic.


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By contrast, for the Tobit model, a standard MLE technique to estimate equations with censored dependent variables, the consistency hinges on the assumption of normally distributed and homoskedastic errors.
 
 
 
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