Lack of fit test issue
Hi, I built a simple logistic model to predict loan chargeoffs. The variables included all appear to be significant and the model passed the whole model test. However, the model didn't pass the Lack Of Fit test. So my questions are: 1. Does it imply that some important variables or interactions are missing thus it is not a good mordel? 2. Can I still use the odds ratio/estimate to calculate the im...