The F-test is used in forecasting to
A)establish confidence intervals for testing regression coefficients.
B)examine the degree of multicollinearity among independent variables.
C)determine how well a regression equation can account for dependent variable values.
D)determine whether an identification problem exists.

Question

Quizplus · Accepted Answer

The F-test in forecasting is primarily used to determine how well a regression equation can account for the variation in the dependent variable values. It tests the overall significance of the model.

The F-Test Is Used in Forecasting to