Table 9 Goodness-of-fit index The GoF... | Emerald Publishing

Table 9

Goodness-of-fit index

The GoF index calculation
GoF index calculation is as follows
GoF = $\sqrt{\overset{̅}{A V E} \times \overset{̅}{R^{2}}}$ Eq. (1)
For calculation of the AVE average value, Eq. (2) is employed
$μ_{A V E} =$ $\frac{1}{n} \sum_{i = 1}^{n} x_{i}$ Eq. (2)
$μ_{A V E} = \frac{{{A V E}_{P r o p h e t} + A V E}_{F i n a n c i a l P e r f o r m a n c e} + {A V E}_{P e o p l e} + {A V E}_{P l a n e t} + {A V E}_{P r o s p e r i t y}}{5}$
$μ_{A V E} = \frac{0.535 + 0.637 + 0.625 + 0.709 + 0.504}{5}$
$μ_{A V E} = 0.602$
For calculation of the $R^{2}$ average value, Eq. (3) is employed
$μ_{R^{2}} = \frac{1}{n} \sum_{i = 1}^{n} x_{i}$ Eq. (3)
$μ_{R^{2}} = \frac{R_{F i n a n c i a l P e r f o r m a n c e}^{2} + R_{P l a n e t}^{2} + R_{P e o p l e}^{2} + R_{P r o s p e r i t y}^{2}}{5}$
$μ_{R^{2}} = \frac{0.703 + 0.516 + 0.468 + 0.477}{4}$
$μ_{R^{2}} = 0.541$
Substituting Eq. (2) and (3) into Eq. (1), the GoF value will be
GoF $= \sqrt{0.602 \times 0.541}$ $= 0.571$

The GoF index calculation
GoF index calculation is as follows
GoF = $\sqrt{\overset{̅}{A V E} \times \overset{̅}{R^{2}}}$ Eq. (1)
For calculation of the AVE average value, Eq. (2) is employed
$μ_{A V E} =$ $\frac{1}{n} \sum_{i = 1}^{n} x_{i}$ Eq. (2)
$μ_{A V E} = \frac{{{A V E}_{P r o p h e t} + A V E}_{F i n a n c i a l P e r f o r m a n c e} + {A V E}_{P e o p l e} + {A V E}_{P l a n e t} + {A V E}_{P r o s p e r i t y}}{5}$
$μ_{A V E} = \frac{0.535 + 0.637 + 0.625 + 0.709 + 0.504}{5}$
$μ_{A V E} = 0.602$
For calculation of the $R^{2}$ average value, Eq. (3) is employed
$μ_{R^{2}} = \frac{1}{n} \sum_{i = 1}^{n} x_{i}$ Eq. (3)
$μ_{R^{2}} = \frac{R_{F i n a n c i a l P e r f o r m a n c e}^{2} + R_{P l a n e t}^{2} + R_{P e o p l e}^{2} + R_{P r o s p e r i t y}^{2}}{5}$
$μ_{R^{2}} = \frac{0.703 + 0.516 + 0.468 + 0.477}{4}$
$μ_{R^{2}} = 0.541$
Substituting Eq. (2) and (3) into Eq. (1), the GoF value will be
GoF $= \sqrt{0.602 \times 0.541}$ $= 0.571$

Source(s): Authors’ own creation