The standard error of the estimate is a measure of
A) the variation of the X variable.
B) total variation of the Y variable.
C) the variation around the sample regression line.
D) explained variation.

Question

Quizplus · Accepted Answer

The standard error of the estimate measures the variation around the sample regression line, representing the extent to which the actual values of the response variable differ from the predicted values. It does not relate to the variation in the X variable, total variation of the Y variable, or explained variation.

The Standard Error of the Estimate Is a Measure of