Measures of Fit for Multinomial Discrete Models

Jan Cramer

No 01-082/4, Tinbergen Institute Discussion Papers from Tinbergen Institute

Abstract: In a discrete model, the predicted probabilities of a particular eventcan be matched to the observed (0, I) outcomes and this will give riseto a measure of fit for that event. Previous results for the binomialmodel are applied to multinomial models. In these models the measureof fit will vary between the various events, indicating that the modelperforms better for some than for others. In addition to these differentialmeasures of fit for each separate event a single overallmeasure is constructed for the model as a whole.

Keywords: Goodness of fit; orthogonal residuals; R2; multinomial logit model (search for similar items in EconPapers)
Date: 2001-09-12
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://papers.tinbergen.nl/01082.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:tin:wpaper:20010082

Access Statistics for this paper

More papers in Tinbergen Institute Discussion Papers from Tinbergen Institute Contact information at EDIRC.
Bibliographic data for series maintained by Tinbergen Office +31 (0)10-4088900 ().