A Criterion of Testing the Goodness of Fit of a Model

The literature indicates that R-square as a test of goodness of fit of a model is sometimes misleading. A low R-square value does not mean a poor fit. Another criterion, the AIC (Akaike Information Criterion) is gaining popularity in academic circles. Computer simulation of different functional forms will be run and a comparison will be made between R-square and AIC.

    Language

    • English

    Project

    • Status: Completed
    • Funding: $272640.00
    • Sponsor Organizations:

      Federal Highway Administration

      1200 New Jersey Avenue, SE
      Washington, DC  United States  20590
    • Project Managers:

      Bared, J

    • Performing Organizations:

      Oak Ridge National Laboratory

      Post Office Box X
      Oak Ridge, TN  United States  37831
    • Start Date: 19940614
    • Expected Completion Date: 0
    • Actual Completion Date: 20020710
    • Source Data: RiP Project 801

    Subject/Index Terms

    Filing Info

    • Accession Number: 01459678
    • Record Type: Research project
    • Source Agency: Federal Highway Administration
    • Files: RiP, USDOT
    • Created Date: Jan 3 2013 1:08PM