(Requires material from Section 11.3 - possibly skipped)For the measure of fit in your regression model with a binary dependent variable,you can meaningfully use the
A)regression R2.
B)size of the regression coefficients.
C)pseudo R2.
D)standard error of the regression.

Question

Quizplus · Accepted Answer

When dealing with a binary dependent variable, the use of regression R2 or standard error of the regression is not meaningful. The size of the regression coefficients can give some indication of the relationship between the independent and dependent variables, but it does not provide a measure of fit. Pseudo R2, on the other hand, is specifically designed for binary dependent variables and provides a measure of the proportion of variation explained by the model. Therefore, C is the best choice for measuring fit in a regression model with a binary dependent variable.

(Requires Material from Section 11