Dear all,
I have constructed a historical model using Ecosim. AIC and SS were used to assess the goodness of fit. But these methods are all relative standards. For example, I've got 4 models with SS of 5000 to 6000. The number seems very large, and it doesn't tell me wether my model is good enough.
I've got two questions needs some answer:
- Is there an absolute criteria for a good fitted model? Like how could I know whether my model is persuasive with enough explanatory power?
- Does anybody know how to calculate the amount of variation the model explained for the observed data?
Thank you very much
Best regards,
Cindy