In Logistic Regression, ________ Is Used as a Goodness-Of-Fit Test

question 62

Multiple Choice

In logistic regression, ________ is used as a goodness-of-fit test.

• A) deviance
• B) Pearson
• C) Hosmer-Lemeshow
• D) All of the choices are correct.

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Definitions:

Economists

Experts focused on analyzing how goods and services are produced, distributed, and consumed.

Opportunity Cost

The loss of potential gain from other alternatives when one particular option is chosen.

Tax Cut

A reduction in the amount of taxes that individuals or corporations owe to the government.

Market Economy

An economic system where decisions regarding investment, production, and distribution are based on supply and demand, with little government intervention.