Which of the following is true about the standard error of estimate?
A)It is a measure of the accuracy of the prediction.
B)It is based on squared vertical deviations between Y and X.
C)It can be negative.
D)It is calculated using the regression mean square.

Question

Quizplus · Accepted Answer

The standard error of estimate is a measure of the accuracy of the prediction, which indicates how far the observed values are from the predicted values. It is typically a positive value and is calculated based on the squared vertical deviations between Y and X. It is not calculated using the regression mean square, and cannot be negative. Therefore, A is the correct choice.

Which of the Following Is True About the Standard Error