What is goodness-of-fit mean in regression analysis? How would you estimate it? Show a formula and explain
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What is goodness-of-fit mean in regression analysis? How would you estimate it? Show a formula and explain its terms. Can it be adjusted for the degrees of freedom in the estimation of the regression equation? Which measure of goodness-of-fit should be used?
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GoodnessofFit in Regression Analysis 1 Definition Goodnessoffit measures how well a regression model fits the observed data It indicates the proportio...View the full answer
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