An Explained Variation Measure for Ordinal Response Models With Comparisons to Other Ordinal R² Measures
Michael G. Lacy
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Michael G. Lacy: Colorado State University
Sociological Methods & Research, 2006, vol. 34, issue 4, 469-520
Abstract:
No explained variation (R 2 ) measure for ordinal response models enjoys wide use, and such measures have in fact received little specific attention or evaluation. To remedy this gap, the author presents and justifies R 2 O , an explained variation measure for ordinal response models, which is based on a recent ordinal dispersion measure. The use and function of R 2 O is illustrated, and the performance of it and other ordinal R 2 measures is compared via a series of simulated sampling and variable selection experiments. The R 2 O and a bias-adjusted version of it perform well in the simulation experiments and have a number of other advantages that make them attractive as measures of fit for any ordinal response model.
Keywords: ordinal response models; variation measure; R2O; R2 measures (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:sae:somere:v:34:y:2006:i:4:p:469-520
DOI: 10.1177/0049124106286329
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