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When evaluating a multiple regression model, for example when we regress dependent variable Y on two independent variables X1 and X2, a commonly used goodness of fit measure is:

User Jsnewbie
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Answer:

Adjusted-R2

Explanation:

When evaluating a multiple regression model, a commonly used goodness of fit is the adjusted-R2. It allows for a comparison of regression models with multiple predictors or independent variables. The addition of independent variables usually causes the model to be more reliable. The adjusted-R2 considers the effect of additional independent variables. It usually adjusts for the number of terms in the model.

User Nishchit
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