Is a Reduced Chi-Squared Value of 0.75 Acceptable for a Good Fit?

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A reduced chi-squared value of 0.75 indicates that the errors in the data may have been overestimated, as values significantly less than 1 suggest this. Generally, a reduced chi-squared close to 1 is considered indicative of a good fit, while values greater than 1 suggest a poor fit. For moderate fits, values can be slightly above 1, but anything significantly higher indicates a lack of fit. A value of 0.75 is acceptable, although it suggests that the uncertainties in the analysis may need reevaluation. Overall, a reduced chi-squared of 0.75 is not alarming but warrants further consideration of the error estimates.
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Hi all, just a quick query about data analysis:

Homework Statement



Having been asked to use Chi Squared analysis to test the validity of a fit, I have calculated my data to have a reduced chi squared of ~ 0.75 to 2 dp. I know that a reduced chi squared (chi squared / number of degrees of freedom) much lower than 1 suggests that the errors have been overestimated, but I can't find what the "accepted" value for <<1 is; i.e. is 0.75 too far from one to be considered alright for a fit? My course notes only say

"For a good fit, reduced chi-squared will be about 1.
A value << 1 suggests you overestimated the uncertainties.
For a value > 1, the probability that the fit is reasonable drops accordingly."

Thanks in advance for any help!
 
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Firstly, an alternative def. of the reduced C.S. stat is "Chi-Sq./Variance" (see http://en.wikipedia.org/wiki/Goodness_of_fit)

Going with your def, if the predicted data fit reasonably well to the actual, then Chi-Sq. will be a small number (e.g., < 1). For a moderate fit, it may be somewhat large, but not too large (e.g., < 2). Note that the deg. of frdm > 1. So for a good fit, Chi-Sq./DOF will be < 1. For a moderate fit, Chi-Sq./DOF might be around 1 or slightly higher than 1. If Chi-Sq./DOF >> 1 then the fit must be poor. Which gives you a quick rule of thumb for evaluating the fit.
 

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