TABLE 3.
Goodness‐of‐fit measures of selected μ submodels
μ submodel | Distribution | Likelihood | AIC | Degrees of freedom | Pseudo‐ | Pseudo‐ |
---|---|---|---|---|---|---|
g GB1(μ) | GB1 | −5629 | −5597 | 5194 | 0.072 | 0.126 |
g ST2(μ) | ST2 | −5282 | −5250 | 5194 | 0.021 | 0.122 |
g BE(μ) | BE | −5239 | −5211 | 5196 | 0.089 | 0.125 |
g NO(μ) | NO | −3087 | −3087 | 5196 | 0.083 | 0.122 |
Abbreviations: AIC, Akaike information criterion; BE, Beta class distribution; GB1, generalized Beta type 1; NO, Normal distribution; ST2, Skew t‐type 2 distribution.