Regression analysis : Cp statistic
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The Cp statistic is used
a. to determine if there is a problem of collinearity
b. if the variances of the error terms are all the same in a regression model
c. to choose the best model
d. to determine if there is an irregular component in a time series
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Solution Summary
Step by step method for regression analysis is discussed here. Regression coefficients, coefficient of determination, scatter diagram and significance of regression model are explained in the solution.
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