Best model selection critiria
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Compare two models. Model #1 has an r-squared of .55 and an adjusted r-squared of .50. Model #2 has an r-squared of .52 and an adjusted r-squared of .51. Given this information, what model should you use?
a) Use model 1 because r-squared is higher
b) Use model 2 because adjusted r-squared is higher
c) Use model 1 because the combination of r-squared and adjusted r-squared is higher
d) Use model 2 because the combination of r-squared and adjusted r-squared is lower
e) Use model 1 because the adjusted r-squared is lower
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Solution Summary
Best model selection criteria for regression model is given in the answer.
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