Goodness of Fit Test

The Goodness of Fit Test is a statistical method employed to assess the compatibility between observed data and expected values based on a particular distribution or model. This test plays a crucial role in validating the appropriateness of a chosen statistical model by quantifying the degree of agreement between observed and expected frequencies. Widely used in various fields such as economics, biology, and psychology, the Goodness of Fit Test provides a quantitative measure that aids researchers and analysts in making informed decisions about the reliability of their chosen statistical models.