New coefficients of econometrics models quality estimation

Advantages and disadvantages of existing coefficient of determination and mean absolute percentage error are examined, and two new coefficients (the compliance coefficient and the balance coefficient) giving new information about the approximation properties of econometrics models, are proposed.

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Year of publication:	2011
Authors:	Svetunkov, Ivan
Published in:	Applied Econometrics. - Publishing House "SINERGIA PRESS". - Vol. 24.2011, 4, p. 85-99
Publisher:	Publishing House "SINERGIA PRESS"
Subject:	econometrics models quality estimation \| approximation error \| determination coefficient \| complex variables \| compliance coefficient \| balance coefficient

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Extent:	application/pdf
Type of publication:	Article
Classification:	C01 - Econometrics ; C52 - Model Evaluation and Testing
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010992082