Which of the Following Tests Can Be Used to Assess

question 29

Multiple Choice

Which of the following tests can be used to assess whether the logistic regression model is a good fit?

• A) Homer-Lemeshow test
• B) Pearson
• C) ROC curve
• D) All of the choices are correct.

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Definitions:

Sinking Fund

A reserve fund established by setting aside revenue over a period of time to fund a future capital expense or repayment of a long-term debt.

New Roof

The process or cost associated with replacing an old roof with a new one, either for repair or upgrade purposes.

Compounded Annually

Interest calculated on the initial principal and the interest accumulated over the previous periods once every year.

Present Value

The amount needed to invest today to reach a stated future goal, given a certain rate of return.