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Persistent link: https://www.econbiz.de/10011326801
R2 and adjusted R2 may exaggerate a model's true ability to predict the dependent variable in the presence of overfitting, whereas leave-one-out R2 (LOOR2) is robust to overfitting. We demonstrate this by replicating 279 regressions from 100 papers in top economics journals, where the median...
Persistent link: https://www.econbiz.de/10014516080
Persistent link: https://www.econbiz.de/10012181335