The absolute magnitude of the standard error of the estimate is not meaningful.

Name: The absolute magnitude of the standard error of the estimate is not meaningful.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The absolute magnitude of the standard error of the estimate is meaningful as it represents the average distance between the estimated values and the actual values in a regression model. It is an important measure of the accuracy of the regression model.

The Absolute Magnitude of the Standard Error of the Estimate