Which of the following is used to find a "best" model?
A) Odds ratio
B) Mallow's Cp
C) Standard error of the estimate
D) SST

Question

Quizplus · Accepted Answer

Mallow's Cp is commonly used as a criterion for selecting the "best" model in regression analysis. It is based on the residual sum of squares and the number of predictor variables in the model, and it provides a balance between model fit and model complexity. A lower value of Cp indicates a better fit and a smaller number of predictor variables. Therefore, the model with the lowest Cp value is usually selected as the "best" model.

Which of the Following Is Used to Find a "Best