To estimate the accuracy of predicted values,Y,found in bivariate regression,it is useful to calculate the _____,the standard deviation of the actual Y values for the predicted Y values.
A) coefficient of determination
B) standard error of the estimate
C) covariance
D) standard error
E) sum of squares

Question

Quizplus · Accepted Answer

The standard error of the estimate provides a measure of how closely the predicted values of Y from the regression line match the actual Y values. It estimates the average difference between the predicted and actual values of Y, allowing for a more accurate understanding of the reliability of the regression model.

To Estimate the Accuracy of Predicted Values,Y,found in Bivariate Regression,it