What is the relationship between the correlation coefficient and the standard error of estimate?
A) It is a positive relationship.
B) It is an inverse relationship.
C) No relationship exists.
D) It is best characterized as "stormy."

Question

Quizplus · Accepted Answer

The standard error of estimate is the standard deviation of the residuals, which are the differences between the actual values and the predicted values. The correlation coefficient measures the strength and direction of the linear relationship between two variables. A higher correlation coefficient indicates a stronger linear relationship between the variables, which results in a smaller standard error of estimate. Therefore, it is an inverse relationship between the correlation coefficient and the standard error of estimate.

What Is the Relationship Between the Correlation Coefficient and the Standard