In the context of regression analysis, which of the following, roughly speaking , does the standard error of the estimate give an indication of?
A)How much the slope of the sample regression line differs from the slope of the population regression line.
B)How much, on average, the values of the predictor variable differ from their mean.
C)How much, on average, the values of the response variable differ from their mean.
D)How much, on average, the predicted values of the response variable differ from the observed values of the response variable.

Question

In the context of regression analysis, which of the following, roughly speaking , does the standard error of the estimate give an indication of? 
A)How much the slope of the sample regression line differs from the slope of the population regression line.
B)How much, on average, the values of the predictor variable differ from their mean.
C)How much, on average, the values of the response variable differ from their mean.
D)How much, on average, the predicted values of the response variable differ from the observed values of the response variable.

Quizplus · Accepted Answer

The standard error of the estimate gives an indication of how much, on average, the predicted values of the response variable differ from the observed values of the response variable. It measures the accuracy of predictions made with a regression line.

In the Context of Regression Analysis, Which of the Following