The value of the standard error of estimate may never be less than
A) 1.00
B) 0
C) the mean of Y
D) the standard deviation of Y

Question

Quizplus · Accepted Answer

The standard error of estimate (also known as the standard deviation of the residuals) measures the average distance between the observed data points and the predicted values from a regression model. It is always non-negative and can only be zero if the model perfectly predicts all data points. Therefore, it cannot be less than zero.

The Value of the Standard Error of Estimate May Never