Qmb6358 certification - Study guides, Class notes & Summaries
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QMB6358 Certification Exam Questions and CORRECT Answers
- Exam (elaborations) • 16 pages • 2024
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Goodness-of-Fit Measures We will introduce three measures to judge how well the 
sample regression fits the data. 
1. The Standard Error of the Residual (Estimate). 
2. The Coefficient of Determination (R^2) 
3. The Adjusted R^2 
Mean Squared Error To compute the standard error of the residual, we first compute 
the mean squared error. 
- we first compute the error sum of squares 
- dividing SSE by the appropriate degrees of freedom, n-k-1, yields the mean squared error, 
MSE
-
QMB6358 Certification Exam Questions and CORRECT Answers
- Exam (elaborations) • 16 pages • 2024
-
- $9.99
- + learn more
Goodness-of-Fit Measures We will introduce three measures to judge how well the 
sample regression fits the data. 
1. The Standard Error of the Residual (Estimate). 
2. The Coefficient of Determination (R^2) 
3. The Adjusted R^2 
Mean Squared Error To compute the standard error of the residual, we first compute 
the mean squared error. 
- we first compute the error sum of squares 
- dividing SSE by the appropriate degrees of freedom, n-k-1, yields the mean squared error, 
MSE
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