Goodness of Fit

Fred Campano and Dominick Salvatore

in Income Distribution

Published in print March 2006 | ISBN: 9780195300918
Published online May 2006 | e-ISBN: 9780199783441 | DOI:
  Goodness of Fit

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The criteria for judging the adaptability of the model for describing income distribution are illustrated. These include the mean absolute deviation, chi-squared statistic, mean squared error, and Kolmogorov-Smirov statistic. The use of spreadsheets to graph the fitted-distribution is also presented.

Keywords: chi-squared statistic; Kolmogorov-Smirov statistic; mean absolute deviation; mean squared error; spreadsheet

Chapter.  2876 words.  Illustrated.

Subjects: Economic Development and Growth

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