What is the relationship between the correlation coefficient and the standard error of estimate?
A) It is a positive relationship.
B) It is an inverse relationship.
C) No relationship exists.
D) None of these

Question

Quizplus · Accepted Answer

The correlation coefficient and the standard error of estimate have an inverse relationship. When the correlation coefficient between two variables is high, the standard error of estimate will be low, and vice versa. Therefore, if the correlation coefficient between two variables is close to 1, the standard error of estimate will be small, indicating high accuracy in predicting one variable based on the other. If the correlation coefficient is closer to 0, then the standard error of estimate will be high, indicating lower accuracy in predicting one variable based on the other.

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