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The R, F, and t statistics are used to determine if the underlying regression model is...

The R, F, and t statistics are used to determine if the underlying regression model is a good fit.

True

False

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Answer #1

False.

The above mentioned statement is not true as t statistics is not used to determine the good for of the regression model. T statistics can only assess .one regression model at a time whereas F statistics can assess multiple models at a same time. It can be said that the F statistics determines whether the regression model is a good fit. R statistics, being similar to the F statistics, also determines whether a particular model is a better fit for the data.

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