What does the multiple standard error of estimate measure?
A) Change in Y' for a change in X1
B) Variation of the data points between Y and Y'.
C) Variation due to the relationship between the dependent and independent variables
D) Amount of explained variation
E) None of these statements are correct

Question

Quizplus · Accepted Answer

The multiple standard error of estimate measures the variation of the data points around the predicted values (Y') from a regression model, indicating how well the model fits the data.

What Does the Multiple Standard Error of Estimate Measure