performance (version 0.5.0)

r2_mcfadden: McFadden's R2

Description

Calculates McFadden's pseudo R2.

Usage

r2_mcfadden(model)

Arguments

model

Generalized linear or multinomial logit (mlogit) model.

Value

For most models, a list with McFadden's R2 and adjusted McFadden's R2 value. For some models, only McFadden's R2 is available.

References

• McFadden, D. (1987). Regression-based specification tests for the multinomial logit model. Journal of econometrics, 34(1-2), 63-82.

• McFadden, D. (1973). Conditional logit analysis of qualitative choice behavior.

Examples

# NOT RUN {
if (require("mlogit")) {
  data("Fishing", package = "mlogit")
  Fish <- mlogit.data(Fishing, varying = c(2:9), shape = "wide", choice = "mode")

  model <- mlogit(mode ~ price + catch, data = Fish)
  r2_mcfadden(model)
}
# }