The director of college admissions at a local university is trying to determine whether a students high
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The director of college admissions at a local university is trying to determine whether a student’s high school GPA or SAT score is a better predictor of the student’s subsequent college GPA. She formulates two models: Model 1. College GPA = β0 + β1 High School GPA + ε Model 2. College GPA = β0 + β1 SAT Score + ε She estimates these models and obtains the following goodness-of-fit measures.
Which model provides a better fit for y ? Justify your response with two goodness-of-fit measures.
Transcribed Image Text:
R² Adjusted R² Se Model 1 Model 2 0.5595 0.5322 0.5573 0.5298 40.3684 41.6007
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Business Analytics Communicating With Numbers
ISBN: 9781260785005
1st Edition
Authors: Sanjiv Jaggia, Alison Kelly, Kevin Lertwachara, Leida Chen
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