Significance of Goodness of fit

Goodness of fit refers to how effectively a statistical model aligns with observed data. It assesses the validity and reliability of a measurement tool by determining the degree to which predicted values match actual data. This evaluation is conducted using various indices, such as CFI, TLI, RMSEA, and SRMR, which help determine the quality of models, including linear regressions. Overall, goodness of fit measures the accuracy of a model's representation of the data in statistical analyses.

Synonyms: Compatibility, Appropriateness, Suitability, Correspondence, Model fit

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The concept of Goodness of fit in scientific sources