The smallest value that the standard error of estimate s _e can assume is: A)- 1 B)0 C)1 D)-¥

Name: The smallest value that the standard error of estimate s e can assume is: A)- 1 B)0 C)1 D)-¥
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Quizplus · Accepted Answer

The standard error of estimate measures the average distance that the observed values fall from the regression line. It cannot be negative, so the smallest value it can assume is 0, indicating a perfect fit.

The Smallest Value That the Standard Error of Estimate S