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Evaluation of a pseudo– R 2 measure for panel probit models
Author(s) -
Spiess Martin
Publication year - 2001
Publication title -
british journal of mathematical and statistical psychology
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 3.157
H-Index - 51
eISSN - 2044-8317
pISSN - 0007-1102
DOI - 10.1348/000711001159591
Subject(s) - probit model , measure (data warehouse) , probit , ordered probit , econometrics , goodness of fit , binary number , correlation , statistics , mathematics , multinomial probit , multivariate probit model , computer science , data mining , geometry , arithmetic
A simulation study designed to evaluate the pseudo‐ R 2 T proposed in an earlier paper by Spiess and Keller suggests that, for the models considered, this measure represents the goodness of fit not only of the systematic part, but also of the assumed correlation structure in binary panel probit models.