Model | Model 1 | Model 2 | Model 3 | Model 4 | Model 5 |
---|---|---|---|---|---|
OLS | |||||
r2 | 0.503 | 0.602 | 0.601 | 0.676 | 0.700 |
Adjusted r2 | 0.502 | 0.597 | 0.599 | 0.671 | 0.690 |
RMSE | 0.136 | 0.122 | 0.122 | 0.111 | 0.108 |
MAD | 0.106 | 0.112 | 0.112 | 0.103 | 0.101 |
MAE | 0.094 | 0.086 | 0.086 | 0.074 | 0.071 |
AIC | − 511.486 | −602.471 | − 603.658 | − 687.881 | −705.106 |
BIC | −503.286 | −577.869 | −583.157 | − 650.979 | −643.601 |
Tobit model | |||||
r2 | 0.575 | 0.648 | 0.647 | 0.680 | 0.694 |
Adjusted r2 | 0.574 | 0.644 | 0.645 | 0.676 | 0.687 |
RMSE | 0.127 | 0.115 | 0.115 | 0.109 | 0.107 |
MAD | 0.099 | 0.106 | 0.106 | 0.103 | 0.102 |
MAE | 0.084 | 0.078 | 0.078 | 0.073 | 0.072 |
AIC | −131.380 | − 196.891 | −197.837 | −216.597 | − 220.060 |
BIC | −119.079 | − 168.189 | − 173.235 | − 175.594 | −154.455 |
Two-part model | |||||
r2 | 0.534 | 0.615 | 0.614 | 0.674 | 0.695 |
Adjusted r2 | 0.533 | 0.611 | 0.611 | 0.669 | 0.689 |
RMSE | 0.132 | 0.120 | 0.112 | 0.110 | 0.106 |
MAD | 0.110 | 0.113 | 0.114 | 0.102 | 0.099 |
MAE | 0.087 | 0.081 | 0.082 | 0.072 | 0.071 |
AIC | − 341.450 | −408.173 | − 410.354 | − 470.352 | − 492.476 |
BIC | − 333.877 | − 385.306 | − 395.109 | −443.674 | − 454.365 |