Which of the following is a method to correct for sample selection bias for the problem of incidental truncation?
A)Vector error correction method
B)First differencing method
C)Heckman's method
D)Johansen method

Question

Quizplus · Accepted Answer

Heckman's method is specifically designed to correct for sample selection bias caused by incidental truncation. It involves estimating two separate equations, one for selection and one for the outcome of interest, and using a correction term to adjust for the selection bias. The other methods listed are not appropriate for correcting sample selection bias caused by incidental truncation.

Which of the Following Is a Method to Correct for Sample