Inverse Mills ratio
= Inverse Mills ratio
{c}
An inverse Mills ratio divides a Gaussian density by a Gaussian tail probability. For lower truncation at zero, the conditional mean correction is $\sigma\phi(\mu/\sigma)/\Phi(\mu/\sigma)$.
= Inverse Mills ratio
{c}
An inverse Mills ratio divides a Gaussian density by a Gaussian tail probability. For lower truncation at zero, the conditional mean correction is $\sigma\phi(\mu/\sigma)/\Phi(\mu/\sigma)$.