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AIC for heckit

2 messages · Jay Emerson, Brian Ripley

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As I read it hectik() in micEcon does not fit by maximum likelihood, so 
AIC is undefined.  (People seem to have a magic faith in AIC as a 
universal panacea, but it does come with a long list of conditions for 
applicability.)

heckit's $probit is apparently only part of the fitting, but for any model 
fit we would always recommend the extractor functions (e.g. AIC()) over 
messing with components of the fit.
On Fri, 1 Dec 2006, Jay Emerson wrote: