Question

Which is not a standard criterion for assessing a regression model?

Overall fit

Binary predictors

Degree of collinearity

Answer 1

solution :

overall fit :

Goodness of fit is a statistical term referring to how far apart the expected values of a financial model are from the actual values.

binary predictors :

In statistics, a categorical variable is a variable that can take on one of a limited, and usually fixed number of possible values, assigning each individual or other unit of observation to a particular group or nominal category on the basis of some qualitative property

degree of collinearity :

In statistics, multicollinearity (also collinearity) is a phenomenon in which one predictor variable in a multiple regression model can be linearly predicted from the others with a substantial degree of accuracy.

therefore ,Degree of collinearity is not a standard criterion for assessing a regression model.