Veall, Michael R; Zimmermann, Klaus F - In: Oxford Bulletin of Economics and Statistics 56 (1994) 4, pp. 485-99
It would be useful to have a goodness-of-fit measure that would both facilitate comparisons (1) among Tobit equations and (2) between Tobit equations and OLS equations. This paper suggests a number of possibilities and then provides Monte Carlo results that permit comparisons of the values of...