To estimate the accuracy of predicted values,it is useful to calculate the standard error of estimate.

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Quizplus · Accepted Answer

This is true. Standard error of estimate is a measure of the accuracy of predicted values in regression analysis. It provides a measure of the variability or dispersion of the errors around the regression line. It can be used to estimate the range within which the actual values are likely to fall, based on the predicted values.

To Estimate the Accuracy of Predicted Values,it Is Useful to Calculate