Page 1 of 1

Negative R-squared in Tobit Model

Posted: Tue Feb 10, 2009 10:43 pm
by MJC
Please help me.
I have negative R-squared value when I am estimate Tobit with Eviews, I think R-squared cant be negative. How should I deal with this problem?
How I measure the goodness of fit for this (tobit) model?
thanks so much for your help.