It Is Common When Fitting Multilevel Models to Start with a Simple

question 11

Multiple Choice

It is common when fitting multilevel models to start with a simple model, and build it up by adding new terms and re-estimating the model. If you want to compare the fit of a multilevel model with a simpler variant of the same model, what estimation method must you use?

• A)Ordinary least squares
• B)Maximum likelihood
• C)Restricted maximum likelihood
• D)Generalized least squares

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Definitions:

Public Company Accounting Oversight Board

An independent oversight body established by Congress to oversee the audits of public companies in order to protect investors and the public interest by promoting informative, fair, and independent audit reports.

Scienter

Knowledge of wrongdoing or fraudulent intent, often a necessary element to prove in securities fraud cases.

Negligent

Failing to exercise the care that a reasonably prudent person would exercise in similar circumstances, often leading to harm or injury.

Working Papers

Documents that record the audit processes, evidence, and findings, used by auditors to support their analysis and conclusions.