Match the description with the appropriate term. -An alternative measure to the coefficient of determination (r²). A) specification analysis B) standard error of the regression C) Durbin-Watson statistic D) t-value E) heteroscedasticity F) autocorrerlation G) homoskedasticity H) goodness of fit I) economic plausibility J) constant variance of residuals

Question

Quizplus · Accepted Answer

The standard error of the regression is an alternative measure to the coefficient of determination (r²) as it provides an estimate of the standard deviation of the error term in a regression model, indicating the average distance that the observed values fall from the regression line.

Match the Description with the Appropriate Term