How do I interpret the compatibility of Tobit models to fit with the data?

Marco Greco @Marco-Greco-7

21 February 2014 1 3K Report

I am performing Tobit regressions with GRETL.

The software does not return R^2 values but the following ones:

Chi-squared(37) 1495,591

p-value 2,3e-290

Log-verisimilitude -25163,99

Akaike 50405,98

Schwarz 50722,08

Hannan-Quinn 50508,40

sigma = 0,811769 (0,00521494)

How do I no whether the model fit the data or not?

Haitham Hmoud Alshibly

sorry I do not have the expertise to answer this question.

Regards

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