hi everyone! Im using Hill function to fit my data. After fiting, there are many informations about fitting in the sheet " FitNL1" such as: Residual Sum of Squares, Reduced Chi-Sqr,Adj. R-Square,.... As I know, Adj. R-Square will tell us the goodness of the fit but Im not sure about other quatities. My question is that which quantities do I have to consider to define the goodness of the fit. thanks so much
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Apparently as you have mentioned, adjusted R^2 which is not associated with the scale of given input would be the major measure of the goodness of fit.
Sometimes even if you have good R^2 value but the model used to fit the data might not be accurate, in this case residual analysis can be applied to make the judgement.