performance (version 0.9.1)

r2_mcfadden: McFadden's R2

Description

Calculates McFadden's pseudo R2.

Usage

r2_mcfadden(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.

Arguments

model

Generalized linear or multinomial logit (mlogit) model.

...

Currently not used.

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

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)
}