Question: Take themodel In this model, we say that Y is capped from above. Suppose you regress Y on X. Is OLS consistent for ? Describe

Take themodel Y* = X'+e e~N (0,0) Y* if Y* T Y = missing

In this model, we say that Y is capped from above. Suppose you regress Y on X. Is OLS consistent for ¯?
Describe the nature of the effect of the mis-measured observation on the OLS estimator.

Y* = X'+e e~N (0,0) Y* if Y* T Y = missing if Y*>T

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