A measure of the accuracy of the predictions of the regression equation is referred to as:
A) standard error of the mean
B) standard deviation
C) residuals deviation
D) standard error of the estimate
E) regression deviation

Question

Quizplus · Accepted Answer

The standard error of the estimate measures the amount of variability in the data that is not explained by the regression equation. It is commonly used as a measure of the accuracy of the predictions made by the regression model. Options A, B, C, and E are not specific measures of the accuracy of the predictions made by the regression equation.

A Measure of the Accuracy of the Predictions of the Regression