Using the C_pstatistic in model building, all models with C_p ≤ (k + 1) are equally good.

Name: Using the C p statistic in model building, all models with C p ≤ (k + 1) are equally good.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The C_p statistic is used to compare models, but models with C_p ≤ (k + 1) are not necessarily equally good; the goal is to find the model with the smallest C_p value close to (k + 1), indicating a good balance between fit and complexity.

Using the Cp statistic in Model Building, All Models with Cp

Using the C_pstatistic in Model Building, All Models with C_p