Which of the following is true about the standard error of estimate?
A) Measure of the accuracy of the prediction.
B) Based on squared vertical deviations between Y and Y'.
C) Cannot be positive.
D) All of these statements are correct. Measure of the accuracy of the prediction; based on squared vertical deviations between Y and Y'; cannot be negative.

Question

Quizplus · Accepted Answer

All of the statements about the standard error of estimate are correct. The standard error of estimate is a measure of the accuracy of a prediction, based on the squared vertical deviations between the actual values of Y and the predicted values of Y' (the regression line). It cannot be negative as it involves squared values.

Which of the Following Is True About the Standard Error