Have a personal or library account? Click to login
Goodness of Fit Measures of Models with Binary Dependent Variable which Take into Account Heteroskedasticity of a Random Element Cover

Goodness of Fit Measures of Models with Binary Dependent Variable which Take into Account Heteroskedasticity of a Random Element

Open Access
|Jul 2018

Abstract

The paper tackles a problem which arises during the analysis of binary models, and which is the heteroskedasticity of a random element manifested by the variable value of variance. In the paper, the following probability models, used in the analysis of a dichotomic variable, were considered: a logit model, probit model, and raybit model, which is a model proposed by the authors. The following measures of goodness of fit, present in the field literature, were considered: MSE, MAE, WMSE, and WMAE. A new measure of goodness of fit of a model was proposed, which limits the amplitude of varying values of variance.

DOI: https://doi.org/10.2478/foli-2018-0014 | Journal eISSN: 1898-0198 | Journal ISSN: 1730-4237
Language: English
Page range: 182 - 194
Submitted on: Oct 30, 2017
Accepted on: Mar 30, 2018
Published on: Jul 4, 2018
Published by: University of Szczecin
In partnership with: Paradigm Publishing Services
Publication frequency: 2 issues per year

© 2018 Jan Purczyński, Kamila Bednarz-Okrzyńska, published by University of Szczecin
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.