Truncreg package help
Dear R userers, I am running truncated regressions with the 'truncreg' package. My sample is large (6,000 observations), the data is left-truncated at 1 and the left tail of the data is heavily centered at 1. When I am running the regression I receive the following error message: Error in optim(par = start[!fixed], fn = logLikFunc, control = control, : initial value in 'vmmin' is not finite
From a previous discussion (
http://r.789695.n4.nabble.com/betareg-help-td3350129.html) on a similar issue in the betareg function I assume that the error message stems from that the estimate of the starting value of the precision parameter is negative. However, I do not know how I can take care of this. Thus I would be very thankful for any help. Best regards, Philipp