The standard prediction error is
A) always smaller than the standard error.
B) used to construct confidence intervals for predicted values.
C) measures the variability in the predicted values.
D) all of these.

Question

Quizplus · Accepted Answer

The standard prediction error (SPE) is used to construct confidence intervals for predicted values. It measures the variability in the predicted values and is not always smaller than the standard error. Therefore, option A is incorrect. Option C is partially correct but does not give a complete explanation. Option D is incorrect as option A is wrong.

The Standard Prediction Error Is