The Three Components of the Regression Model-Building Process Are Model

question 14

True/False

The three components of the regression model-building process are model specification, model fitting, and model diagnosis.

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Definitions:

Type I Error

The incorrect rejection of a true null hypothesis, or a "false positive," in hypothesis testing, indicating that the test suggests an effect that does not actually exist.

Type II Error

A statistical term referring to the error that occurs when a false null hypothesis is not rejected, indicating a false negative finding.

Type II Error

The error that occurs when a false null hypothesis is not rejected; failing to detect an effect that is present.

Type II Error

A statistical error that occurs when a test fails to reject a false null hypothesis, also known as a false negative.