Which of the following statements are important steps in selecting a model?
A) Specify the dependent variable and determine the goal for the analysis.
B) Specify possible predictor variables and collect the data.
C) Specify the candidate models,and for each candidate model decide which of the available predictor variables will be included in the model.
D) Select a model,evaluate its suitability and test its reliability.
E) All of these.

Question

Quizplus · Accepted Answer

All of these statements are important steps in selecting a model. Specifying the dependent variable and determining the goal for the analysis is important to ensure that the model is aligned with the research question. Specifying possible predictor variables and collecting the data allows for the selection of appropriate variables to be included in the model. Specifying candidate models and selecting predictor variables helps to narrow down the options and select the best fitting model. Finally, evaluating the suitability and reliability of the selected model is important to ensure that the results can be trusted.

Which of the Following Statements Are Important Steps in Selecting