Table 3: Goodness of fit summary for multinomial logit, and
multinomial probit models
|
Multinomial logit |
Multinomial probit |
Multinomial probit (unrestricted)_____ | |
|
N |
8686 |
8686 |
8686 |
|
Parameters estimated |
345 |
345 |
359 |
|
Log likelihood |
-10187 |
-10254 |
-10222 |
|
AIC |
21063 |
21199 |
21161 |
|
McFadden’s R- | |||
|
square_______________ |
_______________0.2180 |
_____________0.2128 |
_______________0.2153 |
14
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