The best model is a statistically significant model with a high r-square and few variables.

Name: The best model is a statistically significant model with a high r-square and few variables.
Brand: Quizplus
Rating: 4.8 (36 reviews)

Question

Quizplus · Accepted Answer

This is considered the best model because it indicates that the chosen variables have a strong relationship with the dependent variable and explain a large proportion of the variation in the data, while avoiding overfitting with too many unnecessary variables.

The Best Model Is a Statistically Significant Model with a High