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A Good-Fitting Model in Logistic Regression Will Typically Have Fairly

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True/False

A good-fitting model in logistic regression will typically have fairly low values for -2 Log Likelihood, significant model chi-square, and variables with odds ratios greater than or equal to 1.


Definitions:

Inefficient

Referring to a lack of effectiveness, not achieving maximum productivity; resulting in a waste of time, energy, or material.

Efficient

The state of achieving a maximum output from given resources, with minimal waste or inefficiency.

Normative Statement

Prescriptive assertions that express judgments about whether a situation is desirable or undesirable, reflecting values rather than facts.

Positive Statement

A factual claim about how the world actually works, verifiable by observation or experience.

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