Model fit summary of Bayesian Tobit regression analysis
| Model | Log marginal likelihood | Decision | Reasoning |
|---|---|---|---|
| TE under DEA | −32.6114 | Discard | Poor Log Marginal Likelihood |
| AE under DEA | −4.1981 | Retain | Best Log Marginal Likelihood |
| CE under DEA | −11.9342 | Retain | Second Best Log Marginal Likelihood |
| TE under NDEA | −26.6155 | Discard | Low Log Marginal Likelihood |
| AE under NDEA | −35.2462 | Discard | Worst Log Marginal Likelihood |
| CE under NDEA | −25.3592 | Discard | Poor Log Marginal Likelihood |
| Model | Log marginal likelihood | Decision | Reasoning |
|---|---|---|---|
| TE under DEA | −32.6114 | Discard | Poor Log Marginal Likelihood |
| AE under DEA | −4.1981 | Retain | Best Log Marginal Likelihood |
| CE under DEA | −11.9342 | Retain | Second Best Log Marginal Likelihood |
| TE under NDEA | −26.6155 | Discard | Low Log Marginal Likelihood |
| AE under NDEA | −35.2462 | Discard | Worst Log Marginal Likelihood |
| CE under NDEA | −25.3592 | Discard | Poor Log Marginal Likelihood |
Source(s): Authors’ calculation based on Stata 17
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