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PRMIA Exam 8007 Topic 1 Question 60 Discussion

Actual exam question for PRMIA's Mathematical Foundations of Risk Measurement ? 2015 Edition exam
Question #: 60
Topic #: 1
[All Mathematical Foundations of Risk Measurement ? 2015 Edition Questions]

Which of the following can be used to evaluate a regression model?

(i) Magnitude of R2

(ii) Magnitude of TSS (total sum of squares)

(iii) Tests for statistical significance

(iv) Sign and magnitude of each regression parameter

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Suggested Answer: C

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