Briefly describe the difference between the model selection
critria Cp, AIC, BIC, and R2 adj ....
Briefly describe the difference between the model selection
critria Cp, AIC, BIC, and R2 adj . For each of them, also give
examples when one is preferred over the others.
1, Which model did forward selection choose based on *BIC*?
2, Which model did backward selection choose *BIC*?
3,Which model did stepwise selection choose *BIC*?
Bayes’ Information Criterion (BIC)
Explain the difference between the meaning of r2 and
the meaning of the adjusted r2 in a multiple regression
model. Would it be permissible to eliminate any or all “outliers”
to increase the value of the adjusted r2? Why or
why not?
Briefly describe the difference between Diplomacy, Mediation and
Inquiry, giving an example of a type of international dispute where
you think each would be the appropriate action to take.
Explain the IS-LM model, and then use it to describe the
difference between expansionary fiscal policy and expansionary
monetary policy in the case where the economy finds itself well
below its full employment level of output.