Table 5 Model fit summary of Tobit... | Emerald Publishing

Table 5

Model fit summary of Tobit regression analysis

Model	LR chi square	p-value	Pseudo R²	Log likelihood	Decision	Reasoning
TE under DEA	27.86	0.000	7.903	12.168	Retain	Moderate Explanatory Power
AE under DEA	3.79	0.579	−0.042	47.015	Discard	Poor Model Fit
CE under DEA	37.50	0.000	−1.043	36.726	Discard	Poor Model Fit
TE under NDEA	14.73	0.012	−0.574	20.197	Discard	Poor Model Fit
AE under NDEA	2.86	0.721	−0.248	7.217	Discard	Poor Model Fit
CE under NDEA	6.68	0.245	−0.215	18.895	Discard	Poor Model Fit

Model	LR chi square	p-value	Pseudo R²	Log likelihood	Decision	Reasoning
TE under DEA	27.86	0.000	7.903	12.168	Retain	Moderate Explanatory Power
AE under DEA	3.79	0.579	−0.042	47.015	Discard	Poor Model Fit
CE under DEA	37.50	0.000	−1.043	36.726	Discard	Poor Model Fit
TE under NDEA	14.73	0.012	−0.574	20.197	Discard	Poor Model Fit
AE under NDEA	2.86	0.721	−0.248	7.217	Discard	Poor Model Fit
CE under NDEA	6.68	0.245	−0.215	18.895	Discard	Poor Model Fit

Source(s): Authors’ calculation based on Stata 17