Multiple Choice
Parsimony is where ________.
A) the model is kept as simple as possible
B) having as many variables as possible for accuracy
C) multiple models answer questions
D) none of the above
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q57: When a categorical variable has 5 levels,_
Q58: The standard error of the estimate <img
Q59: If the data are clustered close to
Q60: In conducting a simple linear regression analysis,an
Q61: What is the purpose of regression analysis?
Q63: Stepwise regression carried out by deleting variables
Q64: In a simple regression model Y =
Q65: Specific risk associated with a single stock
Q66: The best-fitting regression line minimizes the sum
Q67: A regression model displays multicollinearity when _.<br>A)the