The value of the standard error of estimate may never be greater than
A) 1.00
B) 0
C) the mean of Y
D) the standard deviation of Y

Question

Quizplus · Accepted Answer

The standard error of estimate measures the average deviation of the actual values from the predicted values. It is computed as the square root of the residual mean square or the mean of squared difference between predicted and actual values. Since the standard deviation of Y measures the variability of the actual values around the mean, it is the highest possible value that the standard error of estimate can have. Therefore, choice D is the best answer.

The Value of the Standard Error of Estimate May Never