Which of the following provides a measure of the overall fit of a regression?
A) t-statistic
B) F-statistic
C) P-value
D) The t-statistic and the P-value

Question

Quizplus · Accepted Answer

The F-statistic provides a measure of the overall fit of a regression model. It compares the variation in the dependent variable explained by the model (regression sum of squares) with the variation not explained by the model (residual sum of squares). A high F-statistic indicates a good overall fit of the model. The t-statistic and P-value are used to test the significance of individual coefficients in the model.

Which of the Following Provides a Measure of the Overall