LO 3.2.2.F

Learning Objective: Describe the tools used to examine model fit for multiple regression.

Review:

• Criteria for determining which model is the best:

•  Mallow’s Cp: select the model with the lowest Cp
• Akaike information criterion, AIC: select the model with the lowest AIC
• Bayesian information criterion, BIC: select the model with the lowest BIC
• Adjusted R2: select the model with the highest R2