Measuring Goodness of Fit for the Double-Bounded Logit Model

Barbara J. Kanninen and M. Sami Khawaja

American Journal of Agricultural Economics, 1995, vol. 77, issue 4, 885-890

Abstract: The traditional approaches of measuring goodness of fit are shown to be inappropriate in the case of the double-bounded logit model. An alternate approach called the "sequential classification procedure" is presented as a possible alternative to the standard tests. The double-bounded logit model is reviewed along with the standard goodness-of-fit measures. The sequential classification procedure and its features are presented in the context of an empirical example.

Date: 1995
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:77:y:1995:i:4:p:885-890.

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