Minimum Data Requirement Guidelines (minNumObs, minNumUncen)
elp94 opened this issue · 2 comments
Hi there,
I've been struggling to find the minimum data requirements for using WRTDS. I've found documentation that indicate WRTDS works best with 100+ observations, and that <50 observations will be in the "dangerous range" for reliability. Would 60 observations be an acceptable cut-off for minimum sample size?
I've also been unable to find any documentation for the maximum number of allowable censored samples for WRTDS (or the minimum number of uncensored samples). The default values for minNumObs and minNumUncen in modelEstimation suggest that WRTDS could run with 50% censored values. Is there any insight to how reliable the regression would be for a dataset that is more than 50% censored? And do you have any recommendations for the maximum percent of censored data that is allowable?
Any guidance or insight that you could provide would be very much appreciated!! Thank you!
Thank you so much for the response, Bob! It was really helpful and informative, especially for a newbie like me. I appreciate it!