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
C)It cannot be negative
D)All of these

Question

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 
C)It cannot be negative 
D)All of these

Quizplus · Accepted Answer

The standard error of estimate is a measure of the accuracy of the prediction and is based on squared vertical deviations between Y and Y-hat (the predicted value). It cannot be negative. Therefore, all the options (A, B, and C) are true about the standard error of estimate.

Which of the Following Is True About the Standard Error