Question

9) A good regression model has: A) ANOVA F Significance greater than 0.05 B) Multicollinearity C)...

9) A good regression model has:

A) ANOVA F Significance greater than 0.05

B) Multicollinearity

C) The fewest number of explanatory variables providing an adequate interpretation of the dependent variable

D) Residuals exhibiting non-random patterns

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Answer #1

Ans:

Correct option is C:

The fewest number of explanatory variables providing an adequate interpretation of the dependent variable.

Others are incorrect as:

If p-value>0.05,then model is not signfiicant.

Residuals should exhibit random pattern.

Multicolliniearity leads to error in stimation of coefficients.

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