Which of the Following Statements Provides the Best Guidance for Model

question 62

Multiple Choice

Which of the following statements provides the best guidance for model building?

• A)If the value of r² increases as more variables are added to the model, the variables should remain in the model, regardless of the magnitude of increase.
• B)If the value of the adjusted r² increases as more variables are added to the model, the variables should remain in the model.
• C)If the value of r² increases as more variables are added to the model, the variables should not remain in the model, regardless of the magnitude of the increase.
• D)If the value of the adjusted r² increases as more variables are added to the model, the variables should not remain in the model.

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Definitions:

Liability

The state of being responsible for something, especially in terms of legal or financial obligations.

Unauthorized

Refers to actions taken without official permission or approval.

Personally Liable

Being personally responsible for fulfilling a legal obligation or paying off a debt, not limited to business or corporate liabilities.

Forge

To falsify something, especially a document, with the intent to deceive or defraud.