These two statistics can help you find relatively simple models that are still effective—which statisticians refer to as a parsimonious model. Additionally, theBayesian Information Criterion(BIC) andAkaike Information Criterion(AIC) are similar measures that penalize overly complex models. Learn more abo...
The olsrr package provides following tools for building OLS regression models using R: Comprehensive Regression Output Variable Selection Procedures Heteroskedasticity Tests Collinearity Diagnostics Model Fit Assessment Measures of Influence Residual Diagnostics ...