What is the measure that indicates how precise a prediction of Y is based on X or, conversely, how inaccurate the prediction might be?
A) Regression equation
B) Slope of the line
C) Standard error of estimate
D) Least squares principle
E) None of these statements are correct

Question

Quizplus · Accepted Answer

The standard error of estimate measures the accuracy of predictions made with a regression line, indicating how much observed values deviate from predicted values.

What Is the Measure That Indicates How Precise a Prediction