Suppose that one equation has three explanatory variables and an F-ratio of 52. Another equation has five explanatory variables and an F-ratio of 40. The first equation will always be considered a better model.

Question

Quizplus · Accepted Answer

The F-ratio alone cannot determine which model is better. Other factors, such as the sample size, degrees of freedom, and the significance of the F-test, need to be considered. Additionally, the quality of the model can be evaluated using other measures such as R-squared and adjusted R-squared.

Suppose That One Equation Has Three Explanatory Variables and an F-Ratio