Negative R-aquared using TSLS

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ADNL
Posts: 13
Joined: Thu May 15, 2014 9:51 am

Negative R-aquared using TSLS

Postby ADNL » Fri Jul 04, 2014 6:29 am

Hi there,

I am running some regressions using TSLS, but I am getting a negative R-squared. What does this mean and is this oke?


Thanks in advance!
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startz
Non-normality and collinearity are NOT problems!
Posts: 3796
Joined: Wed Sep 17, 2008 2:25 pm

Re: Negative R-aquared using TSLS

Postby startz » Fri Jul 04, 2014 9:25 pm

It means the fit is worse than just using a constant. It's perfectly ok.
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ADNL
Posts: 13
Joined: Thu May 15, 2014 9:51 am

Re: Negative R-aquared using TSLS

Postby ADNL » Thu Jul 10, 2014 5:57 am

Thank you very much!
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