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Truncated regression model

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What is TRUNCATED REGRESSION MODEL? What does TRUNCATED REGRESSION MODEL mean?

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19 - Truncated Regression

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[Wikipedia] Truncated regression model

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What is CENSORED REGRESSION MODEL? What does CENSORED REGRESSION MODEL mean?

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Econometrics: assumption 9 regression model is correctly specified

Truncated regression models arise in many applications of statistics, for example in econometrics, in cases where observations with values in the outcome variable below or above certain thresholds are systematically excluded from the sample. Therefore, whole observations are missing, so that neither the dependent nor the independent variable is known.
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