RESSDResource Economics and Social Sciences Division (USDA)
Copyright 1988-2018, All rights reserved.
References in periodicals archive ?
In comparing models' goodness-of-fit, smaller RESSD is better.
Adding parameters to a model will often reduce the RESSD, nominally improving the fit.
If two models are compared, all other considerations (RESSD, t, diagnostic graphics) being equal, the model with the minimum BIC value would be selected as the most appropriate model.