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Econometrics stata goodness of fit?

how do you find goodness of fit on stata? what tests can i run? thanks need help asap any stata geniuses get in touch!

do you mean R^2?

write reg independent variable dependent variables and it tells you the R^2 which is your goodness of fit in the regression output.

Reply 2

Tony_Soprano1

Original post by danny111

do you mean R^2?

write reg independent variable dependent variables and it tells you the R^2 which is your goodness of fit in the regression output.

R squared is my goodness of fit? from the regression results right?

Reply 3

danny111

Original post by Tony_Soprano1

R squared is my goodness of fit? from the regression results right?

Yes, for regressions R^squared is gooness of fit. There is another one according to wikipedia but i haven't used it.

http://en.wikipedia.org/wiki/Goodness_of_fit

Reply 4

Tony_Soprano1

Original post by danny111

Yes, for regressions R^squared is gooness of fit. There is another one according to wikipedia but i haven't used it.

http://en.wikipedia.org/wiki/Goodness_of_fit

thanks danny so for r2 i have like 7 variables and its showing significance of 9% how can i interpret that result?. i hear it has to be 20% or something any help will be great thanks.