Censored Least Absolute Deviations (CLAD) <Back to Last Page>     <Full Glossary>

Definition of Censored Least Absolute Deviations (CLAD): CLAD stands for the "Censored Least Absolute Deviations" estimator. If errors are symmetric (with median of zero), this estimator is unbiased and consistent though not efficient. The errors need not be homoskedastic or normally distributed to have those attributes. (Econterms)

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