The smallest value that the standard error of estimate sε can assume is:
A)−1
B)0
C)1
D)−∞

Question

Quizplus · Accepted Answer

The standard error of estimate (sε) is a measure of the variability of errors in predicting Y from X. It measures how much the actual Y values deviate from the predicted Y values. The smallest possible value for sε is 0, which would mean that every actual Y value is exactly equal to its predicted value. Negative values and infinity are not possible for sε.

The Smallest Value That the Standard Error of Estimate Sε