What does the estimated standard error of the estimate represent?
A)The standard deviation of the cross products for X and Y
B)The degree to which outliers are influencing your correlation coefficient
C)The degree to which restricted range has influenced your prediction of Y from X
D)Average error when using the regression equation to predict Y from X

Question

Quizplus · Accepted Answer

The estimated standard error of the estimate represents the average error when using the regression equation to predict Y from X. It tells us how much the predicted values of Y deviate from the actual values of Y.

What Does the Estimated Standard Error of the Estimate Represent