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Re: st: Interpreting Non-Linear Least Squares
From
Nick Cox <[email protected]>
To
[email protected]
Subject
Re: st: Interpreting Non-Linear Least Squares
Date
Sat, 23 Apr 2011 17:01:00 +0100
You don't give the -nl- syntax you use, but
1. It is not clear that your first equation and your -nl- output line up.
2. The model you fitted is not obviously a success as -b2- has such an
implausibly high t value and the R-sq is mediocre. I suspect some
pathology.
3. You could reasonably post your data unless you are otherwise
reluctant to do so. You should certainly give the -nl- syntax.
4. Plot the data and the fit to see what is going on!
5. You should signal whether this is some theoretical equation that
evokes respect in your field or you are just interested in a good
curve fit.
Nick
On Sat, Apr 23, 2011 at 3:58 PM, Stefan Nijssen <[email protected]> wrote:
> Dear Statalist users,
>
> In interpreting my variables, I have come upon the point to let Stata's non-linear least squares function calculate the exponent best fitting my data. However, interpreting the results I am struggling a bit. To me, the function I am looking for will be one like:
>
> Y = b0 + b1*(Var)^b2
>
> Y being the dependent, Var the independent. Now it might very well be the case that the answer is right in front of me, however somehow to me it seems different.
>
> The NL least squares provides the following output, stating the estimated function has the form:
>
> Y = b0 + b1*b2^ebitda
>
> Source | SS df MS
> -------------+------------------------------ Number of obs = 141
> Model | 409394.932 2 204697.466 R-squared = 0.1496
> Residual | 2327596.39 138 16866.6405 Adj R-squared = 0.1373
> -------------+------------------------------ Root MSE = 129.8716
> Total | 2736991.32 140 19549.938 Res. dev. = 1769.474
>
> 3-parameter asymptotic regression, oas = b0 + b1*b2^ebitda
> ------------------------------------------------------------------------------
> oas | Coef. Std. Err. t P>|t| [95% Conf. Interval]
> -------------+----------------------------------------------------------------
> /b0 | -336.6996 165.5611 -2.03 0.044 -664.0642 -9.335052
> /b1 | 688.8096 178.0674 3.87 0.000 336.7163 1040.903
> /b2 | .9999999 3.13e-09 3.2e+08 0.000 .9999999 .9999999
> ------------------------------------------------------------------------------
> Parameter b0 taken as constant term in model & ANOVA table
>
> I feel a little stupid asking this, but can anyone give me some clues on how to read this?
>
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