The standard error of the estimate is similar to the
A)sum of the actual Y scores around their predicted Y' scores.
B)standard deviation of actual Y scores around their predicted Y' scores.
C)degree to which any predicted Y' will deviate from its actual Y score.
D)standard deviation of actual Y scores around their actual X scores.

Question

Quizplus · Accepted Answer

The standard error of the estimate is the standard deviation of the actual Y scores around their predicted Y scores. It provides an estimate of the amount of error in predicting Y based on X. It is measured in the same units as Y and is used to calculate confidence intervals and hypothesis tests for regression coefficients. Option A refers to the sum of the residuals, not the standard error of the estimate. Option C refers to the definition of the residual, not the standard error of the estimate. Option D refers to the standard deviation of the Y scores around their actual X scores, which is not the same as the standard error of the estimate.

The Standard Error of the Estimate Is Similar to the