The standard error of estimate informs you of the average error along the line of regression.

Name: The standard error of estimate informs you of the average error along the line of regression.
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Quizplus · Accepted Answer

The standard error of estimate is a measure of the scatter of the data points around the regression line. It indicates the average amount of error you can expect when using the regression equation to make predictions about the dependent variable. Therefore, the statement is true.

The Standard Error of Estimate Informs You of the Average