Model selection basics

General Tech Learning Aids/Tools 2 years ago

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Posted on 16 Aug 2022, this text provides information on Learning Aids/Tools related to General Tech. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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manpreet Tuteehub forum best answer Best Answer 2 years ago

I have ran three regressions and they are all very statistically significant.

How do I choose which one is the best to use?

i.e do I look for high F-statistic, low p-values ect.

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manpreet 2 years ago

Best to use for what purpose? If it's purely for prediction and you don't care about explanation, you can go with the one that has the lowest AIC, BIC, SBC or some similar score.

If it's for explanation, then go with the one that best advances the field you are researching.


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