Using the Cp statistic in model building, all models with Cp ≤ (k + 1) are equally good.

Name: Using the Cp statistic in model building, all models with Cp ≤ (k + 1) are equally good.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The Cp statistic is used to compare models, and a model with Cp close to the number of predictors plus one (k + 1) is considered good, but not all models with Cp ≤ (k + 1) are equally good. The goal is to find the model with the smallest Cp value that is close to k + 1.

Using the Cp Statistic in Model Building, All Models with Cp