(Requires material from Section 11.3 - possibly skipped)For the measure of fit in your regression model with a binary dependent variable, you can meaningfully use the A)regression R². B)size of the regression coefficients. C)pseudo R². D)standard error of the regression.

Question

Quizplus · Accepted Answer

The pseudo R-squared is a commonly used measure of fit for regression models with a binary dependent variable. This measure takes into account the proportion of variation explained by the model, relative to the total variation in the data. The other options are not appropriate for evaluating the fit of a binary regression model. The regression R² and size of the regression coefficients are not meaningful in binary regression models because the dependent variable is categorical. The standard error of the regression is a measure of the precision of our estimate of the regression coefficients and does not reflect the fit of the model.

(Requires Material from Section 11