Based on goodness-of-fit measures, which is the preferred model based on the results below? Model 1 Model 2 Model 3 Standard error of the estimate Se Coefficient of 6,498.4419 5,946.7042 5,789.4569 determination R2 Adjusted R2 0.2934 0.4023 0.4288 0.2902 0.3890 0.4187 Multiple Choice Model 1 О Model 2 О Model 3 О Both Model 1 and Model 2
Based on goodness-of-fit measures, which is the preferred model based on the results below? Model 1 Model 2 Model 3 Standard error of the estimate Se Coefficient of 6,498.4419 5,946.7042 5,789.4569 determination R2 Adjusted R2 0.2934 0.4023 0.4288 0.2902 0.3890 0.4187 Multiple Choice Model 1 О Model 2 О Model 3 О Both Model 1 and Model 2
Chapter5: Decimals
Section5.5: Averages And Probability
Problem 400E: The cash register receipts each day last week at a coffee shop were $1,845. $1,520. $1,438, $1,682,...
Question
Transcribed Image Text:Based on goodness-of-fit measures, which is the preferred model based on the results below?
Model 1
Model 2
Model 3
Standard error of
the estimate Se
Coefficient of
6,498.4419 5,946.7042 5,789.4569
determination R2
Adjusted R2
0.2934
0.4023
0.4288
0.2902
0.3890
0.4187
Multiple Choice
Model 1
О
Model 2
О
Model 3
О
Both Model 1 and Model 2
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